Shockwave Medical shares rose over 6% in premarket trading

Tiger Newspress2022-01-10

Shockwave Medical shares rose over 6% in premarket trading as Penumbra Inc is exploring a potential deal with Shockwave Medical Inc.

Penumbra has held talks with Shockwave Medical about a potential tie-up.

Shares of Shockwave Medical have soared nearly 900% since the company went public in 2019, giving it a market value of almost $6 billion.

Penumbra was valued at about $9.5 billion.

But Penumbra said in an emailed statement Sunday that it is not in discussions with Shockwave Medical to pursue a business combination or similar transaction.

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ppp00
2022-01-10
ppp00
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- JemLIm:
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jolynnnnnnnn
2022-01-10
jolynnnnnnnn
Good evening :)
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