Tuesday, January 24, 2006

Johnson & Johnson + Guidant?

Will Johnson & Johnson (JNJ) increase its bid for Guidant (GDT)? Time is running out and they have until 12:00 midnight to make a revised offer for GDT. My gut tells me that JNJ will not up its offer. I think the market is also betting that JNJ pulls out of this bidding war. If you look at the daily chart, Boston Scientific (BSX) rallies strongly towards the end of the day. BSX stock will continue to rally if it acquires GDT. But looking at JNJ’s disappointing earnings report today, they really need GDT to boost their revenues. Well, we’re four hours away from the big decision.

0 Comments:

Post a Comment

<< Home