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Abbott to acquire St. Jude Medical in $25B deal

Posted online April 29, 2016 | 11:26 am

Chicago medical devices company Abbott Laboratories penned a deal to purchase heart-device maker St. Jude Medical Inc. for $25 billion.

The buyout would be Abbott’s largest acquisition to date.

In the deal, Abbott will assume or refinance roughly $5.7 billion in debt.

Read more from Bloomberg.

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