They are playing chicken, and right now it appears that J.& J. has the upper hand.

They are playing chicken, and right now it appears that J&J has the upper hand.

He's earned the award. The company has done well, the stock has done well. They've delivered clean quarters since he's come aboard. He's had an opportunity to stretch a bit, and make his mark.

If you want to step back, yeah, they are mucking up Johnson & Johnson's bid.

There's a phrase: to strike while the iron is hot. The iron is hot.

In our opinion this news is not new and should not slow down the merger with Guidant.