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TAIPEI — Just two years ago, HTC, the Taipei-based mobile devices maker, was riding the crest of exploding global premium smartphone sales.
The European Commission has sent General Electric a formal statement outlining its concerns about the company's planned acquisition of the Finnish medical devices maker Instrumentarium.
The firms are also structuring their payments to reward the better hospitals.Medtronic, a medical devices maker, is paying up to $2,000 a year per worker into a "personal care account".
In its earnings statement, Johnson & Johnson did not make any reference to recent reports that it was negotiating to acquire the Swiss medical devices maker Synthes for about $20 billion, which would make it the biggest deal in the company's history.
The European Commission approved General Electric's planned $2.2 billion acquisition of the Finnish medical devices maker Instrumentarium today, on condition that G.E. sell one unit and promise not to shut out competitors in a European market the combined companies will dominate.
B7 BUSINESS DAY C1-13 Guidant Endorses a Bid Guidant directors agreed to advise shareholders to accept a $24.2 billion acquisition bid from Johnson & Johnson after the bid was raised by $1 billion in an attempt to thwart a rival bid for the medical devices maker from Boston Scientific.
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Another device maker, Wright Medical, is close on its heels.
The affected devices were manufactured by Guidant, the medical device maker that Boston Scientific acquired last year.
The company also must close its deal to buy Synthes, a medical device maker.
And Motorola Mobility, the mobile device maker that Google now owns, is losing money.
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