Boston Scientific makes £3.3 billion bid for UK's BTG

20 November 2018

US medical device maker Boston Scientific (NYSE: BSX) today announced it has reached an agreement on the terms of a recommended offer to acquire UK-based BTG (LSE: BTG), a company which develops and commercializes products used in minimally-invasive procedures targeting cancer and vascular diseases, as well as acute care pharmaceuticals.

The transaction has been unanimously approved by the boards of directors of Boston Scientific and BTG. Under the terms of the transaction, holders of BTG's common shares would receive a cash consideration of 840 pence per share, which represents a premium of 36.6% to BTG’s close of 615 pence on Monday.

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