Johnson & Johnson considers deal to buy Shockwave Medical, WSJ reports (updated)

Shockwave Medical

26/03/2024 18:27

(Adds details from the report and shares)
       March 26 (Reuters) - Johnson & Johnson  JNJ.N  is in
talks to buy medical device maker Shockwave Medical  SWAV.O ,
the Wall Street Journal reported on Tuesday. 
    A deal could be finalized in the coming weeks, assuming
talks don't fall apart, the report said, citing people familiar
with the matter. 
        It is also possible another suitor could emerge, the
report added.
  
        Shares of Shockwave Medical shot up 11%. 
  

 (Reporting by Ananya Mariam Rajesh in Bengaluru; Editing by
Devika Syamnath)
 ((AnanyaMariam.Rajesh@thomsonreuters.com ; Twitter: https://twitter.com/AnanyaMariam;))