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

Stock SectorJune 13, 20182min7

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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