Boston Scientific weighing deal to buy Shockwave Medical - Bloomberg News (updated)

Shockwave Medical

21/04/2023 17:01

(Adds details from report, shares)
       April 21 (Reuters) - Boston Scientific  BSX.N  is
exploring a deal to buy cardiovascular medical device company
Shockwave Medical  SWAV.O , Bloomberg News reported on Friday
citing people with knowledge of the matter.
    Shockwave shares rose 6.9%, while Boston Scientific shares
fell 1.9% in morning trade. Shockwave has a market cap of $9.49
billion as of last close, as per Refinitiv.
    Medical device maker Boston Scientific has been looking to
buy the California-based company to boost its portfolio of
cardiovascular devices, according to the report.    
    Last year, Bloomberg News reported that Shockwave Medical
was evaluating merger options after garnering takeover interest.
    Shockwave and Boston Scientific both declined to comment on
the matter.

 (Reporting by Nandhini Srinivasan in Bengaluru; Editing by
Krishna Chandra Eluri)
 ((Nandhini.Srinivasan@thomsonreuters.com;))