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Spencer plant could be part of Boston Scientific spinoff

March 13, 2007
Boston Scientific Corp. said today that it is exploring an initial public offering for its Endosurgery group, which focuses on less-invasive surgery.

The group operates an 800-employee manufacturing plant in the southern Indiana community of Spencer.

The spinoff would be majority-owned by the Massachusetts company, and the $1 billion-plus in IPO proceeds would be used to pay off debt.

Boston Scientific bought Indianapolis-based medical device maker Guidant Corp. in 2006.
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