NuVasive jumps on takeover interest from Globus Medical

NuVasive

15/11/2021 18:47

** Shares of specialty surgical products maker NuVasive
 NUVA.O  rise 6.5% to $59.82, while medical device maker Globus
Medical  GMED.N  slumps 5.7% to $69.54
    ** NUVA has been approached by GMED with an acquisition
offer, according to people familiar with the matter  urn:newsml:reuters.com:*:nL1N2S61Y6
    ** San Diego-based NuVasive, which designs and develops
medical devices for spine disorders, has a market value of about
$2.9 bln - Refinitiv data
    ** Discussions are preliminary and there is no certainty
that a deal will be reached, the sources added
    ** NUVA shares up ~7% YTD

 (Reporting by Mrinalika Roy in Bengaluru)
 ((mrinalika.roy@thomsonreuters.com; within U.S. +1 646 223
8780, outside U.S. +91 806749 8325;))