This eliminates JJ's negotiating position that immediacy is an important element of their deal. They've eliminated the time-value-of-money risk.
More Quotes from Robert Faulkner:
Guidant is in a situation where they have to be extremely forthcoming and precise in their communications. So I'm inclined to take them at their word.Robert Faulkner
I think it's very wise for him to stay on as a consultant. Dane is the face and soul of that company.
Robert Faulkner
I was told I have internal bleeding in my brain. My ankle is swollen and so is the back of my knee. The person hit my left side as I walked on the shoulder of the road.
Robert Faulkner
They're being careful not to lower the investment rating for their credit. Paying this price doesn't jeopardize the company in any way.
Robert Faulkner
What they're doing is moving forward with the JJ process, which is at this point more official than the Boston Scientific process. Boston Scientific has not yet made an official offer for the company. They've merely proposed an offer.
Robert Faulkner
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