Johnson & Johnson Considers Deal for Shockwave Medical
Medical-devJohnson & Johnson JNJ 0.09%increase; green up pointing triangle is in talks to acquire the medical-device maker Shockwave Medical SWAV 8.38%increase; green up pointing triangle.
A deal could be finalized in the coming weeks, assuming talks don’t fall apart, according to people familiar with the matter. It is also possible another suitor could emerge.
Any deal would be sizable, given that Shockwave has a market value of about $11 billion after its stock has surged roughly 50% so far this year.
Johnson & Johnson has a market capitalization of around $375 billion. ices maker has a market value of about $11 billion