Stryker Has Made a Takeover Approach to Boston Scientific
It’s unclear whether Boston Scientific is receptive to Stryker approach
Stryker Corp. SYK -3.41% has recently made a takeover approach to rival Boston ScientificCorp. BSX +8.29% , a move that would create a medical-device giant with a combined value of more than $110 billion, according to people familiar with the matter.
It is unclear whether Boston Scientific is receptive to the approach, and it is far from guaranteed there will be a deal. It comes amid a flurry of deal activity in the health-care sector as companies respond to industry and regulatory changes, demands for lower medical costs and the pressure to find new sources of growth.
A deal, should one be inked, would be one of the biggest of the year, given Boston Scientific’s market value of $44 billion Monday morning.