ST. JUDE ACQUISITION OF SIEMENS PACESETTER GETS INVESTOR BLESSING
This article was originally published in The Gray Sheet
Executive Summary
ST. JUDE ACQUISITION OF SIEMENS PACESETTER GETS INVESTOR BLESSING as the stock gains 5-3/4 to 32-1/2 in June, making it both the leading point and percentage gainer on "The Gray Sheet" Index of NASDAQ-traded stocks. The issue realized most of its 21.5% gain following the June 28 announcement that St. Jude had entered a definitive agreement to purchase Siemens' worldwide cardiac rhythm management business for approximately $500 mil. ("The Gray Sheet" July 4, p. 5).