Medical device maker Stryker says not in talks to buy Boston Scientific

Stock SectorJune 13, 20182min7
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Medical device maker Stryker was not in discussions to buy rival Boston Scientific, Stryker said in a regulatory filing on Wednesday, two days after reports of a potential deal between the two surfaced.

“Stryker is not in discussions with Boston Scientific Corporation regarding a potential acquisition,” Stryker said on Wednesday.

Stryker’s shares rose 5.8 percent to $172.01 in premarket trading, while Boston Scientific’s shares fell 5.4 percent to $32.01.

The Wall Street Journal had reported on Monday that Stryker had made a takeover approach to Boston Scientific.

It was not clear whether Boston Scientific was open to a potential acquisition by Stryker, the Journal had reported.

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