We continue to believe our 72 (per share) proposal is better for Guidant, its shareholders and its employees than Johnson Johnson's revised offer. We are offering significantly more value, and there is strong upside potential over time. We continue to move forward on our due diligence with the goal of reaching a definitive agreement with Guidant.
More Quotes from Paul Donovan:
We are seeing a belief that the Japanese economy is recovering. The Japanese are going to keep their money at home and overseas investors are going to put more to work in Japan.Paul Donovan
We believe this issue has no bearing on our proposed acquisition of Guidant. Unfortunately, threats of legal action are commonplace in our industry.
Paul Donovan
We believe our 72 proposal is better for Guidant, its shareholders and its employees than Johnson Johnson's revised offer. We are offering significantly more value, and there is strong upside potential over time.
Paul Donovan
That's important because the actual proper economic indicators are getting a bit behind the times in picking up the changes that are taking places,
Paul Donovan
Tax revenues are going to be lower. Fewer people will have jobs, fewer people will pay income tax, more people get unemployment benefits, so government spending goes up.
Paul Donovan
We continue to expect to be in a position to sign a definitive agreement in the first two weeks of January.
Paul Donovan
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