Boston Scientific Seeks to Close Guidant Deal ; Shareholders to Vote On Competing Offer From J&J

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BOSTON - Boston Scientific Corp. said Thursday it hopes to reach a definitive agreement with Guidant Corp. by the end of next week to buy the rival medical device maker, whose shareholders are due to vote Jan. 31 on a competing but smaller offer from Johnson & Johnson.

"We continue to expect to be in a position to sign a definitive agreement in the first two weeks of January," Boston Scientific spokesman Paul Donovan said.

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Boston Scientific Seeks to Close Guidant Deal ; Shareholders to Vote On Competing Offer From J&J

Donovan's comments came as the Natick, Mass., company announced that its president and chief executive since 1999, Jim Tobin, would remain in th...

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