September 12, 2000 |
Medical device company Cyberonics Inc. spurned an unsolicited $480-million bid from larger rival Medtronic Inc., saying it preferred to remain independent and pursue developments in its fast-growing businesses. Houston-based Cyberonics, which sells a patented electrical stimulation device to treat epilepsy, said its board had unanimously voted to pursue an independent course after analyzing the $26-a-share stock offer with financial advisor Morgan Stanley Dean Witter.
March 10, 1999 |
Medtronic Inc. said Tuesday it plans to close its Anaheim plant within two years, eliminating most of the 560 jobs to avoid duplicating work at another site that the company has acquired. Employees learned of the closure on Monday, the same day Medtronic completed its acquisition of the Minnesota-based Avecor Cardiovascular Inc. The Anaheim and Avecor facilities make devices that supply oxygen to blood that is rerouted outside of the body during heart surgery.
March 10, 1999 |
Medtronic Inc. said Tuesday it plans to close its Anaheim plant within two years, eliminating most of the 560 jobs to avoid duplicating work at another site the company has acquired. Employees learned Monday of the closure, the same day Medtronic completed its acquisition of the Minnesota-based Avecor Cardiovascular Inc. The Anaheim and Minnesota facilities make devices that supply oxygen to blood that is routed outside the body during heart surgery.
October 13, 1998 |
Stock Exchange gives readers a chance to listen in as staff writers James Peltz and Michael Hiltzik debate the merits of individual stocks and other investments. Bed Bath & Beyond (BBBY) Jim: Let's start, Mike, with Bed Bath & Beyond. This is a chain of 150 or so superstores that peddle household accessories, everything from shower curtains to kitchen knives. Mike: Sounds like one-stop shopping for Norman Bates. But Bed Bath & Beyond isn't exactly unique, right?
June 30, 1998 |
Medtronic Inc., the world's No. 1 manufacturer of pacemakers, plans to buy Physio-Control International Inc., the world's largest maker of external defibrillators, for $538 million in stock and assumed debt. External defibrillators give a shock to patients whose hearts have stopped, or are in danger of doing so, to restore normal rhythm. Medtronic's planned entry into the growing external-defibrillator market comes as the company fights to move ahead of Guidant Corp.
August 5, 1997 |
The Food and Drug Administration on Monday approved a bold deep-brain implant that promises to ease the uncontrollable tremors experienced by thousands of patients with Parkinson's disease and an equally disabling disorder called "essential tremor." The deep-brain stimulator, which has been available in Europe for several years, has enabled many patients to once again eat, drink, write and perform an array of daily living activities by themselves, said Dr. Michael J.
CALIFORNIA | LOCAL
March 21, 1997
Say the words "research methods class" and images of nerds mumbling to themselves in cluttered study carrels may come to mind. But that's not the case in the research methods class at the Van Nuys High School Medical Magnet, where students are gaining hands-on experience by creating their own high-tech research projects. In the last three years, the research methods class has won nearly $50,000 in grants from Medtronic Inc.