Mental Health Law Weekly
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St. Jude Medical, Inc.
Devices company gets clearance to buy Advanced Neuromodulation Systems
December 17th, 2005
St. Jude Medical, Inc. (STJ) announced that the German Federal Cartel Office confirmed that the acquisition of Advanced Neuromodulation Systems, Inc. (ANSI) by St. Jude Medical may be completed. This approval, together with the previously announced expiration of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, satisfies the antitrust approval condition set forth in the parties' merger agreement. No other regulatory approvals are required for the merger. On October 18, 2005, St. Jude Medical commenced an all-cash tender offer for all of the outstanding shares of ANS common stock at a price of $61.25 per share. The...
Source: Mental Health Law Weekly (2005-12-17)
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