Tuesday, December 05, 2006

Cramer Mentions Medtronic (MDT) for Cyberonics (CYBX) Rumors Again

At RealMoney.com, Jim Cramer says news from Medtronic Inc. (NYSE: MDT) that they are spinning-off their defibrillator unit to focus on treatments of chronic medial conditions could prelude a takeover of Cyberonics Inc. (Nasdaq: CYBX).

Cramer mentioned a possible takeover scenario of CYBX by MDT on Mad Money on 11/22.

Cyberonics has seen a notable run-up recently following the CEO's departure and a recent disclosure that activist investors Carl Icahn accumulated a position in the company.

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