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News Breaks | | | | April 9, 2010 | | 07:07 EDT |  | BSX, BAC, ABT, JNJ | Boston Scientific hires Bank of America to sell two units, Bloomberg reports
Boston Scientific (BSX) has reportedly hired Bank of America (BAC) to advise it on the sale of its Target Therapeutics and neuromodulation units, Bloomberg reports, citing a person with knowledge of the matter. Potential buyers have been approached in recent weeks, the source says. Wells Fargo analyst Larry Biegelsen says the two units could bring in about $2B in a sale. Bernstein analyst Derrick Sung says Johnson & Johnson (JNJ) could buy the neuromodulation unit and Abbott (ABT) may have interest in the Target unit. Reference Link | |
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News For BSX;BAC;ABT;JNJ From The Last 14 Days Check below for free stories on BSX;BAC;ABT;JNJ the last two weeks. |
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