WSJ: Stryker eyes takeover of Boston Scientific to form $110B company

Nicholas Leider | | Health Exec | Policy & Regulations

Stryker approached Boston Scientific with a takeover bid on Monday, June 11, according to the Wall Street Journal.

Such a deal would combine two of the largest medical device manufacturers into a single company worth an estimated $110 billion. According to the Wall Street Journal, it was unclear if Boston Scientific would be receptive to such a move.

As of 11:10 a.m. (EST), Boston Scientific shares rose 7 percent after the initial WSJ report, while Stryker is trading down 2.7 percent.

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Nicholas Leider, Managing Editor

Nicholas joined TriMed in 2016 as the managing editor of the Chicago office. After receiving his master’s from Roosevelt University, he worked in various writing/editing roles for magazines ranging in topic from billiards to metallurgy. Currently on Chicago’s north side, Nicholas keeps busy by running, reading and talking to his two cats.

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