21 Quotes by John Putnam

Clearly there are egos involved. Clearly (Guidant) couldn't have been happy when J&J lowered their bid, claiming there had been a material change.

I don't think J&J wants to walk away from the deal. I think they want a more equitable price for the company they're buying,

For them to bid more than they originally bid would have signaled to other potential acquisitions that they didn't have the financial discipline they've always been known for.