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Mergers & Acquisitions

May 20, 2003

Heart-Device Maker Invests $15 Million

St. Jude Medical Inc. has invested $15 million in Sunnyvale's Epicor Medical Inc. to acquire a minority stake in the privately held company, and it may buy the rest of the company next year.

By Toni Vranjes
        St. Jude Medical Inc. has invested $15 million in Sunnyvale's Epicor Medical Inc. to acquire a minority stake in the privately held company, and it may buy the rest of the company next year.
        Under the deal, the medical device maker agreed to purchase Epicor in 2004 for $185 million if certain undisclosed clinical and...

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