Thursday, July 12, 2007

Abbott seen seeking new buyer for diagnostics unit

(Reuters) - "Although Abbott indicated they will manage the diagnostics business for the long-term, we believe there were other bidders leading up to the time of the original agreement with GE and these bidders may re-emerge," Wachovia analyst Larry Biegelsen wrote in a research note.




JP Morgan analyst Mike Weinstein said he wouldn't expect a bid by private equity or a strategic buyer in the short term, although he wouldn't rule one out later.


Read more at Reuters.com Government Filings News

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