Star Tribune (Minneapolis, MN), December 16th, 2004
Byline: Janet Moore; Staff Writer
After weeks of speculation, Johnson & Johnson Inc. said late Wednesday that it will acquire Guidant Corp. for $23.9 billion.
The news has far-reaching implications for the medical technology industry in Minnesota - Guidant employs about 3,000 people at its sprawling complex in Arden Hills.
Guidant's local cardiac rhythm management division, which makes pacemakers and implantable defibrillators, has been one of the Indianapolis-based company's fastest-growing businesses, with $2.1 billion in sales last year.
Under the terms of the deal announced late Wedn...
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