Penumbra Stock Jumps. It’s Being Bought by Boston Scientific for $14.5 Billion.
Market Intelligence Analysis
AI-PoweredBoston Scientific is acquiring Penumbra in a $14.5 billion deal, expanding its vascular medicine business through the addition of mechanical thrombectomy products.
Market impact analysis based on bullish sentiment with 90% confidence.
Article Context
Boston Scientific has agreed to acquire Penumbra in a cash-and-stock deal worth $14.5 billion. The addition of Penumbra which makes mechanical thrombectomy products for vascular procedures, expands Boston Scientific’s vascular medicine business. The deal values Penumbra at $374 a share, with stockholders able to choose either $374 in cash or 3.8721 shares of Boston Scientific common stock.
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