With a $76 per share cash offer on the table from Johnson and Johnson (JNJ), this $8 drop in Guidant (GDT) stock today to $60 per share looks very tempting. Even if the terms are reduced, I doubt they’ll slash the purchase price by more than the 20-plus percent discount currently being priced in by the market.
Enjoy this post? Subscribe and never miss another one: RSS | Email | Twitter
Insiders say: S. Wickstrom Manufacturing (Calif. molder) is no longer ISO compliant