UPDATE 1-Boston Scientific to buy Axonics for $3.7 billion
In this article:
(Adds details on deal in paragraphs 2, shares in paragraph 3)
Jan 8 (Reuters) - Boston Scientific said on Monday it had agreed to buy medical device maker Axonics Inc for $3.7 billion. Boston Scientific will pay $71 in cash per share, representing a 23.3% premium to the Axonics's last close.
Shares of Axonics, which makes devices for adults with bladder and bowel dysfunction, jumped 22% in premarket trading.
The deal is expected to close in the first half of 2024, after which Axonics will become a wholly owned subsidiary of Boston Scientific. (Reporting by Sriparna Roy in Bengaluru; Editing by Sriraj Kalluvila)
