J&J Agrees to Buy Medical-Device Maker Abiomed - The Wall Street Journal

This transcript is for your personal, non-commercial usage only. Distribution and usage of this worldly are governed by our Subscriber Agreement and by copyright law. For non-personal usage oregon to bid aggregate copies, delight contact Dow Jones Reprints astatine 1-800-843-0008 oregon sojourn www.djreprints.com.

https://www.wsj.com/articles/j-j-agrees-to-buy-medical-device-maker-abiomed-11667301144

Johnson & Johnson said Tuesday it had agreed to bargain heart-device shaper Abiomed Inc. successful an all-cash woody that would beryllium valued astatine $16.6 cardinal upfront including cash.

Under the terms, J&J agreed to wage $380 a stock upfront, and would wage an further $35 a stock if definite milestones are met. Abiomed shares closed astatine $252.08 Monday.