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Takeover Talk Drives Medical Device Maker Shares
Intuitive Surgical, a California company that makes endoscopic instruments, is running higher along with heavy options activity amid takeover rumors.
Calls are jumping this morning as ISRG stock [ISRG
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M&A rumors have been especially active in the health care sector recently, and Intuitive Surgical is only the latest of many names mentioned of late. The pharmaceuticals industry, in particular, has been leading the way in takeover news, with Pfizer's $68 billion bid for Wyeth this week and other major companies publicly stating their intentions to seek deals.
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Medical Device Makers:
Boston Scientific [BSX
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St. Jude Medical [STJ
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Johnson & Johnson [JNJ
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Medtronic [MDT
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Jon 'DRJ' Najarian is a professional investor, CNBC contributor, and cofounder of OptionMonster.com.
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