Trading in the stock of medical device manufacturer St. Jude Medical was halted Friday afternoon after a dramatic drop in its value. That drop was triggered by news of alleged vulnerabilities in the company's cardiac care devices. The …
St. Jude's Valuation Story: Growth Drivers and Future Trends Stock performance St. Jude Medical (STJ) is an innovation-driven company with a leading position in the heart failure device market. It has a comprehensive and diversified portfolio …
(Reuters) - The stock of pacemaker manufacturer St. Jude Medical Inc STJ.N fell sharply on Thursday after short-selling firm Muddy Waters said it had placed a bet that the shares would fall, claiming its implanted heart devices were …
The biggest medical device company still headquartered in Minnesota, St. Jude Medical, will be whisked away to the Chicago suburbs under a $25 billion cash-and-stock acquisition by Abbott Laboratories announced Thursday. The …
just north of St. Paul. Abbott Laboratories will buy St. Jude in a cash-stock deal, the companies announced April 28, 2016. A 2015 photo shows St. Jude Medical corporate headquarters in Little Canada, Minn., just north of St. Paul. Abbott …
The stock is down almost 7% on the news. The firm says it's shorting St. Jude because its pacemakers are faulty and susceptible to cyberattacks. In short, your heart could get hacked. From Muddy Waters' report (emphasis ours): "There …
The two firms had a financial incentive in releasing the report: Muddy Waters had “shorted” St. Jude stock (i.e., bet that it would decline in value), and MedSec had arranged to share any profits. St. Jude’s stock price has indeed taken a …
St. Jude Medical, Inc. shareholders will receive $46.75 in cash and 0.8708 shares of Abbott common stock, …
... seller Muddy Waters “intentionally” released false claims against its cardiac devices in order to benefit if St. Jude stock depreciated. The company's stock fell 5% after the report was released from $81.88 a share to $77.82 a share. Stock …
Huge Deal in the Healthcare Space: Abbott Buys St. Jude Medical Merger arbitrage In merger arbitrage, an investor generally buys the stock of the company being acquired, short sells the relevant ratio of the acquirer’s stock if …