Cardinal Health Pops To New High On J&J Heart Business Acquisition
March 02, 2015 at 13:21 PM EST
Shares of Cardinal Health (CAH) were rising on Monday after briefly toughing a new 52-week high on news it will buy Johnson & Johnson’s (JNJ) heart product business. Cardinal said it would pay $1.94 billion in cash for Cordis, which makes cardiac stents and other medical devices, in a bid to broaden its product portfolio. [...]
