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Although the Federal Trade Commission on Wednesday conditionally approved Johnson & Johnson's proposed $25.4 billion acquisition of Guidant Corp., the diversified medical company may back out of the deal. Uncertainty over the deal has increased because Guidant product recalls have called into question the value of the company and J&J's willingness to stick with its initial buyout price. J&J announced Wednesday that it might abandon the deal if the two companies cannot restructure the terms.
November 03, 2005 at 12:00 AM
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The original version of this story was published on Law.Com
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