Why Axonics Stock Soared Today
Axonics(AXNX) The Motley Fool·2024-01-09 00:38Shares of Axonics (AXNX 20.48%) were up 20.5% on Monday after the urology company agreed to be acquired by Boston Scientific (BSX 0.45%). Boston Scientific shares were also up around half a percent on the news today.A win-win deal for Axonics and Boston ScientificMore specifically, Axonics agreed to be acquired by Boston Scientific for $71 per share in cash, good for an equity value of $3.7 billion and (excluding Axonics' net cash and short-term investments) an enterprise value of $3.4 billion. Axonics shar ...