Firm client Merrill Lynch Global Markets & Investment Inc. noted for representation of Advanced Bionics Corp. in its acquisition by Boston Scientific Corp.,<i> The Daily Deal</i>,

Firm client Merrill Lynch Global Markets & Investment Inc. noted for representation of Advanced Bionics Corp. in its acquisition by Boston Scientific Corp., The Daily Deal, "Boston Scientific in $740M Deal"

According to an article in the June 2nd Daily Deal, "Boston Scientific in $740M Deal," "Boston Scientific Corp., one of the world's biggest medical devices companies, said...it was acquiring privately held Advanced Bionics Corp. for an initial payment of $740 million in cash. The deal...brings Natick, Mass.-based Boston Scientific the smaller company's expertise in implantable electronic devices that manage chronic pain, hearing loss and incontinence. The total worldwide market for the products, called neurostimulation devices, is estimated at $1.6 billion this year and is seen reaching $3.8 billion by 2010....The deal includes an earnout mechanism primarily tied to net sales milestones. The milestones cut across Advanced Bionics' four core technology platforms - cochlear implants, implantable pulse generators, drug pumps and bion microstimulators - with a 72-month horizon....Advanced Bionics used Merrill Lynch Global Markets & Investment Inc....for financial advice." [Representing Merrill Lynch is partner Warren de Wied.]

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