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Boston Scientific Agrees To Pay $4.2Bn For UK Interventional Oncology Firm BTG

 
• By Ashley Yeo

A busy year of M&A for Boston Scientific just got busier with a $4.2bn cash offer for UK interventional medicine specialist BTG. Completion is expected by mid-year 2019.

Businesswoman drawing The big fish eats the small fish on chalkboard
• Source: shutterstock.com

Boston Scientific Corp. has agreed to pay $4.23bn (£3.3bn) for UK interventional medicine specialist BTG PLC. The cash offer of 840 pence per-share represents a 36.6% premium on BTG's Nov.19 closing price and a 51% premium to BTG’s volume-weighted average share price over the last 90 trading days.

The offer was made through Boston Scientific's Bravo Bidco Ltd subsidiary, a wholly-owned Boston Scientific subsidiary formed for this transaction and the transaction has been unanimously approved by the boards...

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