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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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BTG's interim profit soars thanks to solid growth across the board

(ShareCast News) - Healthcare group BTG has posted an increase in interim pre-tax profit, boosted by solid growth across all of its divisions. In the six months to 30 September, the FTSE 250 group posted a 40.6% year-on-year increase in pre-tax profit to £52.9m, while revenue rose 20% to £229.6m. T

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FTSE 250 movers: Just Retirement boosted by CMA merger clearance

(ShareCast News) - After an initial stumble, the FTSE 250 fought its way back into positive territory over the day, By 1420 GMT, the UK mid-cap index was up 0.28% at just over 17,000 points, but not rising as fast as its blue chip sister index 0.85% gain. Pharmaceutical group BTG was given a shot i

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FTSE 250 movers: Miners and energy stocks rally; Wizz Air crashes

(ShareCast News) - London's FTSE 250 index was down 0.2% at 17,101.89 just after 1400 BST, underperforming the broader market. Miners were firmly on the front foot as metals prices advanced and the sector got a boost from an upbeat note by Morgan Stanley. The bank upgraded its stance on the European

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