I can't imagine shareholders would vote against it. No one's come forward to make a counter-offer, so they better take this.
More Quotes from John Putnam:
I don't think JJ wants to walk away from the deal. I think they want a more equitable price for the company they're buying,John Putnam
They still need to look to do as large an acquisition, with as much growth, as possible. It's a huge company, and it's hard to get the top line to grow because the base is so big.
John Putnam
For them to bid more than they originally bid would have signaled to other potential acquisitions that they didn't have the financial discipline they've always been known for.
John Putnam
My reaction still is one of concern about the top line. Until that's rectified, it's problematic as to whether they can get to the kind of growth rates they're looking for.
John Putnam
It's a victory for JJ, ... I think it's a recognition that Guidant's franchise has at least sustained some near-term damage. Whether they can correct that and when they can correct that is going to be a question going forward.
John Putnam
Whoever doesn't get this company is going to be the lucky one. If I were Boston Scientific, I'd certainly find something wrong in my due diligence to walk away from this.
John Putnam
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