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Financings in Brief: Guidant

This article was originally published in The Gray Sheet

Executive Summary

Guidant: Files registration statement with SEC for the proposed split-off of Lilly's equity interest in Guidant. The split-off, expected to be completed during the fall, grants Lilly shareholders an opportunity "to exchange some or all of their Lilly stock for Guidant common stock," Guidant says. Terms of the deal will be "communicated by mail at the commencement of the exchange offer," the firm adds. The move would complete Lilly's divestiture of Guidant, initiated when Guidant went public last December ("The Gray Sheet" Dec. 19, 1994, p. 26)...
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