SILK - Boston Scientific Adds Stroke Prevention To Vascular Portfolio Via Silk Road Medical's $1.3B Deal | Benzinga

Tuesday, Boston Scientific Corporation (NYSE:BSX) agreed to acquire Silk Road Medical Inc (NASDAQ:SILK) for $27.50 in cash per share, representing an equity value of approximately $1.26 billion.

The per-share price represents an approximate 38% premium to the volume-weighted average share price of Silk Road Medical’s common stock over the past 60 days.

Related: Heart Devices Focused Silk Road Medical Stock Gets an Upgrade – Analyst Says New CEO’s Initiatives Sets Stage For ‘Back On Track’

Silk Road Medical is a minimally invasive medical device company for carotid artery procedures.

The acquisition adds technology for stroke prevention to Boston Scientific’s vascular portfolio.

The ...

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