Home » BOSTON SCIENTIFIC FAIR VALUE SEEN BETWEEN $27 AND $31
BOSTON SCIENTIFIC FAIR VALUE SEEN BETWEEN $27 AND $31
Morgan Stanley maintained an "equal-weight" rating on Boston Scientific after the medical-device maker announced a settlement with former stent manufacturing partner Medinol. The $750 million settlement, the result of a lengthy legal process, will be financed through debt, according to Morgan Stanley. Boston Scientific will also write down its outstanding equity investment in Medinol of approximately $20 million to $25 million, the firm noted.
Forbes (http://www.forbes.com/markets/2005/09/22/boston-scientific-settlement-0922markets09.html?partner=rss)
KEYWORDS FDAnews Device Daily Bulletin
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