Deals
St. Jude, Abbott Sell Products to Terumo for $1.12 Billion
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Abbott Laboratories and St. Jude Medical Inc. will divest some of their cardiovascular products to Terumo Corp. for $1.12 billion in order to complete the $25 billion deal between the two medical device giants.
The all-cash transaction is conditioned on Abbott’s successful acquisition of St. Jude and antitrust regulatory approval, the companies said Tuesday in a statement. The sale includes St. Jude’s Angio-Seal and Femoseal vascular-closure products, and Abbott’s Vado Steerable Sheath, the companies said.