Mega M&A Is Back: Abbott Buys St. Jude Medical For $25 Billion, 37% Premium
April 28, 2016 at 08:50 AM EDT
The great megadeal M&A drought of 2016 just came to an end when moments ago Abbott announced it would acquire St. Jude Medical for $25 billion, roughly a 37% premium to St. Jude's Wednesday closing price.