See the rest of the story here.

Theflyonthewall.com is Wall Street's specialist in breaking equity news. Veteran traders build a proprietary feed of news that's faster and more relevant than any other source. Try us for free and discover for yourself.

Visit StreetInsider.com at http://www.streetinsider.com/news.php?st=p&id=5914963 for the full story.

Two Veteran Wall Street Analysts Review the August 29, 2008 Edition of the Value Line Investment Survey

Medtronic (MDT), one of the largest medical devices companies, seeks to strengthen its biologics business by its decision to acquire Osteotech Inc (OSTE) for $6.50 per share or $123 million in total. The offer price represents a 65% premium to Monday’s closing price. The transaction is subject to shareholder and regulatory approvals. After Cardiac Rhythm Disease [...]

Shares of Osteotech Inc. (OSTE) soared more than 64% in Tuesday trading, after Medtronic Inc. (MDT), the world’s largest maker of medical devices, said it agreed to pay $123 million, or $6.50 per share, for Eatontown, N.J.-based Osteotech, a 66 percent premium over the co.’s Monday closing price of $3.94. Medtronic officials said in [...]

Medtronic has agreed to buy OSTE for $6.50 per share.