J&J to buy heart pump maker Abiomed for $16.6 bln ahead of consumer health spinoff
Source: Reuters
Nov 1 (Reuters) - Johnson & Johnson (JNJ.N) said on Tuesday it struck a deal to buy heart pump maker Abiomed Inc (ABMD.O) for $16.6 billion in cash, as it looks to boost growth in its medical devices unit after next year's planned spinoff of the consumer health business.J&J agreed to pay $380 per Abiomed share, a 50.7% premium over its closing price of $252.08 on Monday. Shares of Abiomed surged about 50%, while…