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BTG rockets on Boston Scientific deal

Tue, 20th Nov 2018 09:01

(Sharecast News) - Shares in specialist healthcare company BTG rocketed on Tuesday as it agreed to be bought by US-based Boston Scientific for £3.3bn.Under the terms of the deal, which has been approved by the boards of directors of both companies, BTG shareholders would receive 840p in cash.BTG chief executive Louise Makin said:"Boston Scientific shares our commitment to transforming patient care, and has a sustained track record of innovation, clinical expertise and global commercial capabilities."Boston Scientific chairman and chief executive Mike Mahoney said: "The acquisition of BTG and its rapidly growing peripheral interventional portfolio is an exciting extension of our category leadership strategy that will augment our capabilities in important areas of unmet need such as cancer and pulmonary embolism."We are confident that the addition of these therapies to our portfolio will ultimately advance patient care in ways that could not be realised by either company alone, while also allowing us to realize substantial revenue and cost synergies and provide a strong return for investors."The transaction is expected to close in the first half of next year.At 0915 GMT, BTG shares were up 34% to 825p.
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18 May 2018 10:32

WINNERS & LOSERS SUMMARY: Retailer Carpetright Rises On Fundraising

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15 May 2018 12:07

LONDON MARKET MIDDAY: UK Wages In Line But Fail To Inspire Pound

LONDON (Alliance News) - Despite a lower open, the FTSE 100 was trading around its best levels since late January by midday on Tuesday as the latest UK wage data failed to inspire the pound.Rising in

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15 May 2018 11:07

BTG Swings To Annual Loss On PneumRx Coils Impairment Charges

LONDON (Alliance News) - BTG PLC on Tuesday swung to a pretax loss for the recently ended financial year due to a large impairment charge relating to PneumRx Coils, used to treat lung disease the

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15 May 2018 10:37

WINNERS & LOSERS SUMMARY: Vodafone Stumbles As CEO Stands Down

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices on Tuesday.----------FTSE 100 - up 3.3%. The budget airline said it saw a first

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15 May 2018 08:32

LONDON MARKET OPEN: easyJet Rises While Vodafone Falls; UK Wages Due

LONDON (Alliance News) - The FTSE 100 was largely unchanged early Tuesday, with easyJet and Vodafone respectively topping and tailing the blue-chip index."In be

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8 May 2018 16:09

UK Earnings, Trading Statements Calendar - Next 7 Days

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5 Dec 2016 07:08

BTG product gets two ticks of approval

(ShareCast News) - Global specialist healthcare company BTG announced the inclusion of treatment with its PneumRx Coils product in guidelines for the management of chronic obstructive pulmonary disease on Monday, as published by the Global Initiative for Chronic Obstructive Lung Disease (GOLD). The

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16 Nov 2016 09:55

BROKER RATINGS SUMMARY: Goldman And Deutsche Raise Miner Price Targets

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15 Nov 2016 10:41

WINNERS & LOSERS SUMMARY: Intermediate Capital And Polypipe Surge

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15 Nov 2016 08:13

BTG First Half Profit Slumps Due To Settlement And Currency Impact

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15 Nov 2016 07:41

Interventional medicine revenue surges at BTG

(ShareCast News) - Specialist healthcare company BTG posted its interim results for the six months to 30 September on Tuesday, with double-digit revenue growth underpinned by 24% constant exchange rate growth in interventional medicine revenues. The FTSE 250 firm said its operating profit for the pe

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1 Nov 2016 10:29

WINNERS & LOSERS SUMMARY: Standard Chartered Sold As Profit Misses

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26 Oct 2016 17:40

Wednesday broker round-up

(ShareCast News) - FirstGroup: Goldman Sachs keeps at buy with a target price of 168p. Esure: Berenberg stays at sell, 238p target. Anglo American: Deutsche Bank reiterates hold with a 965p target. Intertek: UBS reiterates buy with a 4100p target. Sainsbury: Goldman Sachs reiterates sell with a 1

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26 Oct 2016 08:29

BROKER RATINGS SUMMARY: Goldman Slightly Less Negative On UK Grocers

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25 Oct 2016 06:37

Clinigen Group Extends Exclusive Supply Agreement With BTG

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