St. Jude Medical and EP MedSystems, Inc. Announce Cash/Stock Election Deadline and Expected Closing Date of Pending Acquisition

ST. PAUL, Minn. & WEST BERLIN, N.J.--(BUSINESS WIRE)--St. Jude Medical, Inc. (NYSE: STJ) and EP MedSystems, Inc. (NASDAQ: EPMD) announced today that the deadline for EP MedSystems shareholders to elect the form of consideration they wish to receive in connection with the previously announced acquisition of EP MedSystems by St. Jude Medical will be 5 p.m. EDT, on July 1, 2008 (the “Election Deadline”). The transaction is scheduled to close on July 3, 2008, provided that the requisite EP MedSystems shareholder approval is obtained. Final shareholder results will be announced before market open on July 7, 2008.
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