Abbott Labs Is
Buying St. Jude Medical for $25 Billion
by Reuters
April 28, 2016, 7:44 AM EDT
The deal comes with a high premium.
Abbott Laboratories
ABT -2.92% said it
agreed to buy medical device maker St. Jude Medical STJ -1.38% for $25
billion to add heft to its heart and neurological devices business.
St. Jude shareholders will receive $46.75 in cash and
0.8708 Abbott shares, representing a total consideration of about $85 per
share.
The offer represents a 37% premium to St. Jude’s
Wednesday closing. St. Jude’s shares were up about 27% premarket on Thursday.
Abbott will assume or refinance St. Jude’s net debt of
about $5.7 billion.
The deal will add to Abbott’s adjusted earnings per share
in the first full year after the close of the transaction, the company said. It
will add 21 cents per share in 2017 and 29 cents in 2018.
Abbott’s cardiovascular device unit will have annual
sales of $8.7 billion after the business are combined.
St. Jude Medical
Sidley Austin
LLP was the lobby firm for St. Jude
Medical Inc., and St. Jude
Children's Research Hospital.
Note: Michelle Obama
was a lawyer at Sidley Austin LLP.
Barack
Obama was an intern at Sidley Austin
LLP.
Newton N. Minow is
a senior counsel at Sidley Austin LLP,
and a member of the Commercial Club of
Chicago.
R. Eden Martin is
counsel at Sidley Austin LLP, and
the president of the Commercial Club of
Chicago.
Commercial Club of
Chicago, Members Directory A-Z (Past Research)
Tuesday, December 17, 2013
Sally Blount is a
member of the Commercial Club of Chicago,
and a director at Abbott Laboratories.
W. James Farrell
is a member of the Commercial Club of
Chicago, and a director at Abbott
Laboratories.
Edward M. Liddy is
a member of the Commercial Club of
Chicago, and a director at Abbott
Laboratories.
William A. Osborn
is a member of the Commercial Club of
Chicago, and a director at Abbott
Laboratories.
Samuel C. Scott
III is a member of the Commercial
Club of Chicago, and a director at Abbott
Laboratories.
Glenn F. Tilton is
a member of the Commercial Club of
Chicago, and a director at Abbott
Laboratories.
Miles D. White is a
member of the Commercial Club of Chicago,
and the chairman & CEO for Abbott
Laboratories.
Christopher B.
Begley is a member of the Commercial
Club of Chicago, and was the SVP for Abbott
Laboratories.
Jack M. Greenberg
is a member of the Commercial Club of
Chicago, and was a director at Abbott
Laboratories.
Robert L.
Parkinson Jr. is a member of the Commercial
Club of Chicago, and was the president & COO for Abbott Laboratories.
William D.
Smithburg is a member of the Commercial
Club of Chicago, and was a director at Abbott
Laboratories.
William M. Daley
is a member of the Commercial Club of
Chicago, was a director at Abbott
Laboratories, and the chief of staff for the Barack Obama administration.
Barack
Obama is the president for the Barack
Obama administration, and was an intern at Sidley Austin LLP.
Sidley Austin
LLP was the lobby firm for St. Jude
Medical Inc., and St. Jude
Children's Research Hospital.
Alston & Bird
is the lobby firm for St. Jude
Children's Research Hospital, and was the lobby firm for Abbott Laboratories.
Tom Daschle
was a special policy adviser at Alston
& Bird, a nominee for health and human services secretary for the Barack Obama administration, is the chairman
for the Center for American Progress, and a 2008 Bilderberg conference participant (think tank).
Open
Society Foundations was a funder for the Center for American Progress.
George
Soros is the founder & chairman for the Open Society Foundations, was the chairman for the Foundation to
Promote Open Society, and a supporter for the Center for American Progress.
Foundation
to Promote Open Society was a funder for the Center for American Progress.
Ezekiel Emanuel
is a senior fellow at the Center for
American Progress, Ari Emanuel
& Rahm I. Emanuel’s brother, and
a founding chair of the Department of Bioethics for the National Institutes of Health.
National
Heart, Lung and Blood Institute is a division of the National Institutes of Health.
James R. Gavin III
was a staff associate for the National
Institutes of Health, and is a director at Baxter International Inc.
Thomas F. Chen
is a director at Baxter International
Inc., and was the SVP for Abbott
Laboratories.
Robert L.
Parkinson Jr. is the chairman & CEO for Baxter International Inc., a member of the Commercial Club of Chicago, and was the president & COO for Abbott Laboratories.
Ari
Emanuel is Ezekiel Emanuel &
Rahm I. Emanuel’s brother, and the
co-CEO & director for William Morris
Endeavor Entertainment.
Ray
Romano is a William Morris Endeavor
Entertainment client, and was the spokesperson for St. Jude Children's Research Hospital.
Sidley Austin
LLP was the lobby firm for St. Jude
Children's Research Hospital, and St.
Jude Medical Inc.
Michelle Obama
was a lawyer at Sidley Austin LLP.
Barack
Obama was an intern at Sidley Austin
LLP, and is the president for the Barack
Obama administration.
Newton N. Minow is
a senior counsel at Sidley Austin LLP,
and a member of the Commercial Club of
Chicago.
R. Eden Martin is
counsel at Sidley Austin LLP, and
the president of the Commercial Club of
Chicago.
Rahm I. Emanuel
is a member of the Commercial Club of
Chicago, the Chicago (IL) mayor,
Ezekiel Emanuel & Ari Emanuel’s brother, and was the
White House chief of staff for the Barack
Obama administration.
Sally Blount is a
member of the Commercial Club of Chicago,
and a director at Abbott Laboratories.
W. James Farrell
is a member of the Commercial Club of
Chicago, and a director at Abbott
Laboratories.
Edward M. Liddy is
a member of the Commercial Club of
Chicago, and a director at Abbott
Laboratories.
William A. Osborn
is a member of the Commercial Club of
Chicago, and a director at Abbott
Laboratories.
Samuel C. Scott
III is a member of the Commercial
Club of Chicago, and a director at Abbott
Laboratories.
Glenn F. Tilton is
a member of the Commercial Club of
Chicago, and a director at Abbott
Laboratories.
Miles D. White is a
member of the Commercial Club of Chicago,
and the chairman & CEO for Abbott
Laboratories.
Christopher B.
Begley is a member of the Commercial
Club of Chicago, and was the SVP for Abbott
Laboratories.
Jack M. Greenberg
is a member of the Commercial Club of
Chicago, and was a director at Abbott
Laboratories.
Robert L.
Parkinson Jr. is a member of the Commercial
Club of Chicago, and was the president & COO for Abbott Laboratories.
William D.
Smithburg is a member of the Commercial
Club of Chicago, and was a director at Abbott
Laboratories.
William M. Daley
is a member of the Commercial Club of
Chicago, was a director at Abbott
Laboratories, and the chief of staff for the Barack Obama administration.
No comments:
Post a Comment