WSJ: Stryker eyes takeover of Boston Scientific to form $110B company

Stryker approached Boston Scientific with a takeover bid on Monday, June 11, according to the Wall Street Journal.

Such a deal would combine two of the largest medical device manufacturers into a single company worth an estimated $110 billion. According to the Wall Street Journal, it was unclear if Boston Scientific would be receptive to such a move.

As of 11:10 a.m. (EST), Boston Scientific shares rose 7 percent after the initial WSJ report, while Stryker is trading down 2.7 percent.