Guidant to acquire a rival manufacturer of heart devices for about $800 million

Article Abstract:

Guidant Corp. of Indianapolis, IN, a manufacturer of pacemakers, defibrillators and other heart devices, revealed that it will acquire the Intermedics pacemaker division of Sulzer Medica Ltd. of Switzerland for about $800 million. The former medical-device business of Eli Lilly & Co. has reportedly entered into a definitive agreement to acquire the Intermedics division, which manages a sales force of 200 in the US and 200 in other countries. According to Kurt H. Kruger, a medical-device analysts for NationsBanc, the purchase will not only boost the number of Guidant's sales force to around 550, but it will also strengthen its No. 2 position in the cardiac-rhythm devices market.

Comment:

Will acquire the Intermedics pacemaker division of Sulzer Medica Ltd of Switzerland for about $800 million

Asset sales & divestitures, Acquisitions & mergers, Switzerland, Electromedical and Electrotherapeutic Apparatus Manufacturing, Pacemakers, Sulzer Medica Ltd., Guidant Corp., Article

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GM buys 20% stake in Fuji Heavy; firms pans to extend presence in Asia

Article Abstract:

General Motors Corp.'s plan to buy 20 % of Fuji Heavy Industries Ltd. is discussed.

United States, Japan, Receipt of funds, Motor Vehicles, Automobile and Light Duty Motor Vehicle Manufacturing, Motor Vehicles & Parts, Transportation Equipment Manufacturing, Use of Funds, Statistical Data Included, Mergers, acquisitions and divestments, Investigations, Automobile industry, General Motors Corp., Transportation equipment industry, Fuji Heavy Industries Ltd.

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