Bay Area’s Thoratec Rockets on Rumored Bid By St. Jude Medical

St. Jude Medical Inc. is in talks to acquire Thoratec Corp., a maker of implants that aid failing hearts, according to people familiar with the situation.

While the two companies are in ongoing discussions, no final deal has been agreed and the negotiations may still fall apart, the people said, asking not to be identified discussing a private matter. Thoratec could also opt to seek a different buyer, one of the people said.

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