Bionic deal.(Wall Street West)(Advanced Bionics Corp)(Brief Article)

From: Los Angeles Business Journal | Date: June 7, 2004| Author: Darmiento, Laurence | Copyright information

In the end, it was simply too good an offer to walk away from.

That's how biotech entrepreneur Alfred Mann categorized the $740 million cash sale last week of Advanced Bionics Corp. to Boston Scientific Corp., with earn-out provisions that could raise the total sale price to some $4 billion over the next decade.

The deal will allow Mann and Jeff Greiner, co-chief executives of the Valencia manufacturer of implanted heating devices, to run the company as an aut...

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