6/13/2018, 2:50 PM (Source: TeleTrader)
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Stryker dispels rumor it wants Boston Scientific

Stryker Corp. wrote in a filing with the United States Security Commission that it is "not in discussions with Boston Scientific Corporation regarding a potential acquisition," prompting a bounce in shares in premarket trading. The rumored acquisition target slumped in pre-session transactions.

The maker of surgical equipment and implants told regulators it made the statement "in response to the market speculation." The information was published by the Wall Street Journal, which quoted unnamed sources.

Stryker, based in Kalamazoo, Michigan, rallied 6.44%, while the price of shares of Boston Scientific were 6.47% below yesterday's close.

Breaking the News / IT