NYSE:PENMedical Equipment
Penumbra Sale To Boston Scientific Recasts Growth Story For Investors
Penumbra (NYSE:PEN) is set to be acquired by Boston Scientific in a US$14.5b deal, following the release of strong quarterly results.
The transaction, announced alongside Penumbra's recent earnings report, represents a major consolidation move in the medical device space.
The combination brings together Penumbra's interventional therapies with Boston Scientific's broader medical technology portfolio.
For you as an investor, this centers on a specialized medical device maker that focuses on...