Friday, August 3, 2007

US CREDIT-Boston Scientific's debt suffers from lack of sale

(Reuters) - The medical device maker said on Thursday it decided to
retain its endosurgery business after looking into selling a
minority stake through an initial public offering. For details,
see [ID:nN02444446]




Saddled with debt after its $27 billion acquisition of
Guidant Corp and hampered by slowing sales of its most
lucrative heart devices, the company said in March it was
exploring the partial sale for more than $1 billion.


Read more at Reuters.com Bonds News

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