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St. Jude Medical

This article was originally published in The Gray Sheet

Executive Summary

Completes acquisition of Siemens AG's cardiac rhythm management business for an estimated price of $525 mil. The transaction, first announced on June 28 ("The Gray Sheet" July 4, p. 5), will be financed through a combination of bank debt and cash. The St. Paul, Minnesota-based firm says it "established a $260 mil. revolving credit facility with an 11 bank syndicate" to help finance the dea
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