Is Marlborough's Boston Scientific Being Bought Out? Rumors Fly

MARLBOROUGH, MA — Boston Scientific Corp., headquartered in Marlborough, saw a surge in stocks on Monday after a rumor started to circulate that a Michigan-based medical device company was proposing a buyout, according to reports. Boston Scientific has a market value of nearly $50 billion.

After the Wall Street Journal reported that Stryker Corp. had "made a move to create a medical-device giant and the latest effort to consolidate a corner of the health-care industry that has produced a raft of large deals lately," shares jumped 7 percent by 11 a.m. on Monday, reports the Boston Business Journal.

Boston Scientific develops innovative solutions to provide to the healthcare industry. The company's extensive list of products includes catheters, needles, pacemakers, probes and defibrillators. Strykeris a leading medical technology company that has products in orthopaedics, medical and surgical equipment, and neurotechnology and spine.

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