Analysts Split On Abbott Lab’s Purchase Of St. Jude

Abbott Laboratories ( ABT ) and St. Jude ( STJ ) are both trading lower on Friday afternoon, a day after Abbott said it would buy St. Jude for $25 billion in cash and stock. The $85 per share stock price for St. Jude is a 37% premium to its Thursday closing price; Abbott expects to close the deal before the end of the year, and for the deal to be accretive in the first full year afterward. Read More »
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