You’d think the January 25th buyout of Guidant by Boston Scientific and Abbott Laboratories would be done making headlines by now. Sure, there was some analysis that followed, and some coverage of what Boston is doing with the tainted Guidant brand. However, things are heating up once again: J&J is suing Boston and Abbott for US$5.5 billion…
Reuters reports:
The lawsuit charges that Guidant leaked confidential information to Abbott, which it claims was a “material breach of the terms of Guidant’s merger agreement with J&J” and ultimately led to Boston Scientific winning the battle to acquire Guidant.
The saga continues…