Monday, October 18, 2010

St. Jude Medical Takes another Stake

AP-  Rival heart device maker AGA Medical Holdings, Inc. is being purchased by St. Jude Medical, Inc. for $1.04 billion, or $20.80 per share.  A premium of 41% is being offered by St. Jude's--compared to AGA's latest closing price.  $225 million in debt held by AGA is being taken on by St. Jude's, as well.  The deal is expected to close by the end of the year.

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