Broken engagements can be so acrimonious. When Guidant bowed out of its takeover by Johnson & Johnson to hook up with Boston Scientific [1], it paid J&J a $715 million breakup fee. Now Guidant wants that money back.

You'll recall that J&J sued for $5.5 billion in damages from that failed deal, claiming that Guidant breached its agreement not to entertain other suitors. Guidant has filed a counterclaim in that suit, saying it didn't breach their contract--and even if it had, it doesn't owe J&J the termination fee.

- read the report [2] from the Star Tribune

Related Articles:
J&J may drop Guidant deal. Report [3]
Guidant, Boston Scientific sign deal. Report [4]
Guidant bid deadline approaches for J&J. Report [5]