St. Jude Medical, Inc. (STJ) Acquires EP MedSystems, Inc. (EPMD) for $92.1 Million
St. Jude Medical, Inc., a worldwide medical device technology and services company addressing cardiac, neurological and chronic pain patients, and EP MedSystems, Inc., a company who develops, manufactures and markets a line of products for use in the cardiac rhythm management or electrophysiology market, announced that the Boards of Directors of both companies have unanimously approved a definitive merger agreement under which St. Jude Medical will acquire EP MedSystems for $92.1 million. It is anticipated to close during the third quarter of 2008, but is subject to certain closing conditions and regulatory approvals and approval by EP MedSystems shareholders. Under…