Boston Scientific Curiously Withdraws Then Refiles

Law360 (March 13, 2006, 12:00 AM EST) -- With takeover plans moving full steam ahead, medical device maker Boston Scientific Corp. has voluntarily withdrawn and refiled an antitrust notification regarding its $27 billion bid for heart device maker Guidant Corp.

Boston Scientific announced the news on Monday, though the company said the curious move was only a “procedural step” in keeping with a previous agreement signed with Guidant.

In late January, the Massachusetts-based Boston Scientific acquired Guidant in a $27-billion merger deal, beating out rival Johnson & Johnson in a lengthy bidding war for...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.