Boston Scientific Corporation said on Tuesday it will buy medical technology firm Apollo Endosurgery Inc for $417 million to expand its portfolio of gastric devices.
With debt, the deal is valued at about $615 million.
The offer of $10 per share in cash for Apollo Endosurgery represents a premium of nearly 67% to the stock's last close. Its shares were up 63% in premarket trading. Apollo Endosurgery makes devices used in surgeries to manage gastrointestinal complications and aid in weight loss for patients suffering from obesity.Reporting by Raghav Mahobe in Bengaluru; Editing by Shinjini Ganguli and Devika Syamnath
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Valley woman to celebrate 50th anniversary of Apollo 17An astronaut's widow will head to Houston next month to celebrate the 50th anniversary of Apollo 17.
Read more »
RedDB, a computational database of electroactive molecules for aqueous redox flow batteries - Scientific DataMeasurement(s) Clean Database • Physicochemical properties of redox active molecules • aqueous solubility Technology Type(s) Calculation • Physics • machine learning
Read more »
NASA's Orion beats Apollo 13's distance record for a human-rated spacecraft'Houston, we have a new record.' NASA's Orion spacecraft just broke a record previously held by Apollo 13 back in 1970.
Read more »
Visa bureaucracy makes scientific conferences inaccessible for too many researchers'Many scholars born in ostracized countries face...drawn-out, oftentimes years-spanning processes when we need to travel. The obstacles take a toll on our professional development...and our mental health,' OmidVEbrahimi writes in this ScienceWorkingLife.
Read more »
Recent and rapid ecogeographical rule reversals in Northern Treeshrews - Scientific ReportsAn ecological rule breaker shows the effects of climatechange on bodysize evolution yale SciReports
Read more »
Report: Stanford University president’s research under fire for potential scientific misconductResearcher tells student newspaper that some of the papers had “a lot of visible errors” and “some duplications are suggestive (of) an intention to mislead.”
Read more »