Abbott Laboratories to buy St. Jude Medical for $25 billion

April 28, 2016 11:36 AM

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Medical device manufacturer Abbott Laboratories has reached a deal to acquire fellow medical device maker St. Jude Medical in a cash-and-stock deal valued at $25 billion.

The companies revealed Thursday that they had agreed to a tie-up that would create a global medical devices giant with specialties such as cardiovascular, diabetes and vision.

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