Boston Scientific rises on deal to buy majority stake in Korea's M.I. Tech
15/06/2022 13:39
** Shares of Boston Scientific Corp BSX.N up ~6% at $37.29
premarket
** Buys majority stake in Korean medical device maker M.I.
Tech 179290.KQ from Synergy Innovation 048870.KQ
urn:newsml:reuters.com:*:nPn1sFglFa
** To pay KRW 14,500/shr, which represents total of KRW
291.2 bln ($225.5 mln)
** Expects to close deal in H2 2022, sees immaterial impact
to 2022 GAAP and adj. EPS from deal
** Up to Tuesday's close, BSX down ~17% YTD
($1 = 1,291.6100 won)
(Reporting by Bhanvi Satija in Bengaluru)
((Bhanvi.Satija@thomsonreuters.com; Outside U.S. +91
9873062788;))