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Boston Scientific To Acquire CryoCor (CYRO) for $1.35/Share

April 16, 2008 8:35 AM EDT
BSX Hot Sheet
Overall Analyst Rating:
    NEUTRAL (= Flat)

Revenue Growth %: -3.3%
Boston Scientific Corporation (NYSE: BSX) and CryoCor, Inc. (Nasdaq: CRYO) signed a definitive merger agreement, under which Boston Scientific will pay a cash purchase price of $1.35 per share of CryoCor, or approximately $17.6 million.

Shares of CRYO closed at $1.13 yesterday. [LJ]

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