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November 9, 1994 | From Times Staff and Wire Reports
Boston Scientific, Scimed to Merge: Boston Scientific Corp. announced an agreement to merge with Scimed Life Systems Inc. in a stock swap worth about $869 million. The companies said the deal would create one of the world's biggest medical device companies dedicated to minimally invasive therapies. The combined company will be called Boston Scientific and have revenue of more than $700 million. It will be based in Natick, Mass., where Boston Scientific is. Scimed, of Maple Grove, Minn.
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BUSINESS
November 9, 1994 | From Times Staff and Wire Reports
Boston Scientific, Scimed to Merge: Boston Scientific Corp. announced an agreement to merge with Scimed Life Systems Inc. in a stock swap worth about $869 million. The companies said the deal would create one of the world's biggest medical device companies dedicated to minimally invasive therapies. The combined company will be called Boston Scientific and have revenue of more than $700 million. It will be based in Natick, Mass., where Boston Scientific is. Scimed, of Maple Grove, Minn.
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BUSINESS
August 31, 1995 | From Associated Press
Boston Scientific Corp., a fast-growing maker of sophisticated miniature surgical devices, said Wednesday that it will buy Heart Technology Inc., a pioneer of a machine that drills open clogged arteries. The purchase is the latest in a series by Boston Scientific, based in suburban Natick, Mass., as it diversifies its products. The company, which earned $80 million last year on revenue of $448.9 million, is projected by some analysts to double both figures this year.
BUSINESS
July 30, 1989 | JOHN CRUDELE, JOHN CRUDELE is a financial columnist for the New York Post.
One day a few weeks ago, Wall Street was having an awful morning. The Dow Jones industrial average--the market indicator that everyone watches--was down more than 17 points before lunchtime. But suddenly from out of the blue, in the early afternoon, rode the market's newest White Knight--someone called a tactical asset allocator. By mid-afternoon the Dow was climbing steadily and by the close of trading the indicator was up as much as it had been down.
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