First, there is no doubt that the timing of the bad news from SJM was terrible for Abbott. That being said, the acquisition compliments Abbott's portfolio and gets them into a space that they were not in before. Hopefully, for Abbott's sake they can 'right the ship' and move forward with positive news and mojo.
Did you imbeciles even read the article? It looks at the acquisition from strictly a financial standpoint if Abbott will be able to recover from the purchase, and doesn't once mention any of St. Jude's "issues" you all reference.
Merger was made in desperation as both orgs pipelines are weak. Light years behind others in key growth areas
From a device perspective, last in structural heart behind BSX, MDT, last in CRM in a declining market, no PCI stent in the pipeline, weak peripheral lines.
Has BIO overtaken SJM in the CRM market?