Read Time:26 Second
The Wall Street Journal cited sources as saying. After the news was revealed, Shockwave’s stock price rose 10% on Tuesday, with a market value of about $11 billion.
The report did not mention the price of the deal under discussion, nor did it rule out the possibility that the negotiations might not yield results.
Johnson & Johnson and Shockwave have not responded to media inquiries.
Previously, there were media reports that Boston Scientific was interested in acquiring Shockwave, but no details have been announced so far.
Average Rating