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

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Medical machine maker Stryker was not in discussions to purchase rival Boston Scientific, Stryker mentioned in a regulatory submitting on Wednesday, two days after stories of a possible deal between the 2 surfaced.

“Stryker is just not in discussions with Boston Scientific Company concerning a possible acquisition,” Stryker mentioned on Wednesday.

Stryker’s shares rose 5.eight % to $172.01 in premarket buying and selling, whereas Boston Scientific’s shares fell 5.four % to $32.01.

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

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

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