Go Symbol Lookup
Loading...

>> View AllResults for ""

 Enter multiple symbolsseparated by commas

 London quotes now available

Mergers and Acquisitions

Stryker to Buy Boston Scientific Division

 Text Size  
Published: Thursday, 28 Oct 2010 | 8:52 AM ET
By: Associated Press

Stryker Corporation says it will pay up to $1.5 billion to buy the neurovascular division of fellow medical device maker Boston Scientific.

CNBC.com

The Kalamazoo, Mich., company plans to pay $1.4 billion at the deal's closing and then up to $100 million in milestone payments. The deal is expected to close in the fourth quarter.

Boston Scientific's neurovascular division had $348 million in sales last year. It makes detachable coils, stents and other devices used to treat brain aneurysms and other types of cerebrovascular disease. The company is based in Natick, Mass.

Boston Scientific Neurovascular President Mark Paul will head the Stryker Neurovascular business.

 Print
Stryker Corporation says it will pay up to $1.5 billion to buy the neurovascular division of fellow medical device maker Boston Scientific.
  Price   Change %Change
BSX ---
SYK ---

   
Comments

 

More Comments

 
 

Add Comments

 

Your Comments (Up to 1100 characters):

Remaining characters
Preview Comment

CNBC welcomes your contribution. Please respect our community and the integrity of its participants. CNBC reserves the right to moderate and approve your comment.

Your comments have not been posted yet.

Please review your submission to make sure you are comfortable with your entry.

Your Comments:


                
            

                Edit Comment
            

            

                Submit Comment
            

        
         
    
  





	    

	

    

        
        

            

            

        

         



    


	

	

	



			

			


			

			

	        	    	    	    	    		    		    		    	        
	    
    

    	        	


		    
    		Private Equity
	    
    

                
 
	
    
        
                		        
  • 
	        		            	
	
							



    
	
    
											
					 Middle Eastern Funds Move into Private Equity  							
			
    
						
			
			
    Nick Tolchard, head of Invesco Middle East tells CNBC they have seen more money flowing into private equity investment. 
    
	
		
	
	
    	            	        
    • 
                		        
  • 
	        		            	
	




    
	
    
											
					UPDATE 1-Hedge funds selling gold after propping market a month ago							
			
    
	
			
    *Money managers pull $1.4 bln from COMEX gold in May 14 week. Money managers, including hedge funds, pulled $1.4 billion from the U.S. gold futures market for the week ended May 14 by trimming their net long positions in the metal, according to Reuters calculations of data released by the Commodity Futures Trading Commission.
    
	
		
	
	
    	            	        
    • 
                		        
  • 
	        		            	
	




    
	
    
											
					Hedge funds back to selling gold after propping market a month ago							
			
    
	
			
    *Money managers pull $1.4 bln from COMEX gold in May 14 week. Money managers, including hedge funds, pulled $1.4 billion from the U.S. gold futures market for the week ended May 14 by trimming their net long positions in the metal, according to Reuters calculations of data released by the Commodity Futures Trading Commission.
    
	
		
	
	
    	            	        
    •