I must admit that were JNJ to be the acquirer of both BSX and what is left of Guidant, it would be a rich joke on Nicholas, Tobin and Best, the clowns who outbid JNJ to acquire Guidant. You'd think that this trio would have asked themselves whether there was something counterintuitive a bout their outbidding the far better financed and better brained JNJ for Gudiant? At your price of $26, JNJ would be getting both assets at a steep discount to where both traded on the eve of the BSX "coup." Indeed, today BSX is worth less than it paid for Guidant ($28 billion, more or less).
Yes, BSX could attract bids. We'll see.
Given the JNJ settlement news and the strong move in BSX shares, it's surprising that the board is so silent. I take that as a good sign, evidence that the shares long wandering in the wilderness has alienated pretty much everyone. I started buying shares around $18 (that was 8 years ago after what I thought was the worst impact of the Guidant acquisition), but most of my shares were bought under $7 in 2010. Then I just sat and took the pain. Now I want to see what BSX can do without JNJ looming over it.
that should be 30 BLN. As it stands it is almost 20 BLN, so you have 50% upside. All the institutions will pile on this today, one of the cheapest valuaton. This was a huge thorn on BSX, removed.
Sentiment: Strong Buy