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Why Axonics Stock Soared Today
AXNXAxonics(AXNX) The Motley Fool·2024-01-09 00:38

Shares 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 71pershareincash,goodforanequityvalueof71 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 ...