Speculating in Takeover Targets Message Board

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Strategies & Market Trends : Speculating in Takeover Targets

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To: richardred who wrote (990)	1/13/2006 1:42:47 PM
From: richardred	Read Replies (1) of 7243

I find this amusing!<G> Boston Scientific withdraws deadline extension Friday January 13, 1:33 pm ET CHICAGO (Reuters) - Boston Scientific Corp. (NYSE:BSX - News) on Friday withdrew a news release that said it had extended its deadline for Guidant Corp. (NYSE:GDT - News) to accept its sweetened takeover offer of $73 per share. Boston Scientific gave no explanation for why it withdrew its earlier release only 20 minutes after it said it would extend by 2 hours the deadline for Guidant to accept the offer. "We are advised by Boston Scientific Corporation that journalists and other readers should disregard the news release," PR Newswire, which issues news releases on behalf of companies, said. Boston Scientific told Reuters the deadline stands at 4 p.m. EST. A spokesman gave no explanation for the developments. Boston Scientific's offer is still more than J&J's offer of about $68.

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