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Strategies & Market Trends : Speculating in Takeover Targets -- Ignore unavailable to you. Want to Upgrade?

To: richardred who wrote (855)	12/2/2005 2:06:13 AM
From: richardred	Respond to of 7254

St. Jude Medical to Acquire Savacor Thursday December 1, 11:12 am ET St. Jude Medical Acquires Heart Failure Diagnostic Product Company Savacor for $50 Million ST. PAUL, Minn. (AP) -- St. Jude Medical Inc. on Thursday said it will acquire privately held Savacor Inc. in a $50 million deal. The acquisition of Savacor, of Los Angeles, which has heart failure diagnostic products under development, is expected to close by the end of the year. St. Jude said it would book a $50 million in-process research and development charge in connection with the transaction. Further terms of the deal were not disclosed. St. Jude shares rose $1.20, or 2.5 percent, to $48.97 in morning trading on the New York Stock Exchange. biz.yahoo.com