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Stryker Says It's Not Chasing Boston Scientific

 
• By Tina Tan

Rumors of a potential Stryker-Boston Scientific coupling have been quashed after the orthopedics player officially stated it is not in discussions with the cardiology company.

Stryker Corp. has spoken out and confirmed it is not in discussions with Boston Scientific Corp. about a potential takeover bid. In quashing the rumors about a deal, Stryker's share price – which has been sliding over the two days of escalating speculation – has double backed and jumped up 6% to surpass $173 during trading on June 13, hours after the company issued its official statement.

Prior to Stryker's statement, the general consensus from analysts was that a Stryker-Boston Scientific combination – while certainly creating a company with significant product breadth – would not be a...

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