Shockwave Medical rises after Johnson & Johnson agrees to $12.5 bln deal

Shockwave Medical

05/04/2024 12:06

** Shares of medical device maker Shockwave Medical  SWAV.O 
rise 1.1% to $323.60 premarket
    ** Johnson & Johnson  JNJ.N  says it will buy SWAV in a
$12.5 bln deal
    ** JNJ to pay $335 per share in cash, implying a 4.7%
premium to SWAV's last close of $319.99 on Thursday
    ** Shares have risen 11.4% since a report of deal talks
emerged on March 26
    ** Up to last close, stock up 67.9% YTD

 (Reporting by Puyaan Singh)
 ((Puyaan.Singh@thomsonreuters.com;))