Boston Scientific rises on deal to buy majority stake in Korea's M.I. Tech

Synergy Innovation Co

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;))