The Guidant Saga Continues And The Clock Is Ticking
Updates Coming This Weekend

And The Winner Is... Guidant Shareholders

It appears that Johnson and Johnson is the winner of the bidding contest for Guidant.

J&J has made three offerings for Guidant of $21.5 billion, $23.2 billion, and finally $24.2 billion. The last know offer from Boston Scientific was $24.8 billion.

But what’s a few billion between competitors. Although a cynic might suggest that Guidant shareholders should get gifts for the Boston Scientific Board of Directors in appreciation of the extra cash they will receive.

Here are the most recent stories I can find: Business Journal, Star Tribune, and MarketWatch. Reuters has a chronology of the past 13 months.

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