Medical gadget maker Stryker was not in discussions to purchase rival Boston Scientific, Stryker mentioned in a regulatory submitting on Wednesday, two days after studies of a possible deal between the 2 surfaced.
“Stryker is just not in discussions with Boston Scientific Company concerning a possible acquisition,” Stryker mentioned on Wednesday.
Stryker’s shares rose 5.eight p.c to $172.01 in premarket buying and selling, whereas Boston Scientific’s shares fell 5.four p.c to $32.01.
The Wall Avenue Journal had reported on Monday that Stryker had made a takeover method to Boston Scientific.
It was not clear whether or not Boston Scientific was open to a possible acquisition by Stryker, the Journal had reported.
Supply hyperlink – https://www.cnbc.com/2018/06/13/medical-device-maker-stryker-says-not-in-talks-to-buy-boston-scientific.html