Wells Fargo Downgrades Thoratec (THOR) to Market Perform

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St. Jude Medical and Thoratec Announce Definitive Agreement

July 22, 2015 7:00 AM EDT

Combination Accelerates Innovation-Based Growth Program and Expands Heart Failure Franchise

St. Jude Medical Will Discuss Transaction on its Second Quarter 2015 Earnings Call Scheduled for 8 a.m. EDT (7 a.m. CDT) on July 22, 2015

ST. PAUL, Minn. & PLEASANTON, Calif.--(BUSINESS WIRE)-- St. Jude Medical (NYSE: STJ) and Thoratec (NASDAQ: THOR) today announced that the Boards of Directors of both companies have unanimously approved a definitive agreement under which St. Jude Medical will acquire all of the outstanding shares of Thoratec for $63.50 per share in a... More