Johnson & Johnson to buy Shockwave Medical for $12.5 billion

Shockwave Medical Inc (NASDAQ: SWAV) is in the green today after Johnson & Johnson (NYSE: JNJ) said it will buy the medical device maker for $12.5 billion.Shockwave Medical stock priced at a premium Copy link to section The all-cash agreement values each share of Shockwave Medical at $335 – a 5.0% premium on their previous close. JNJ expects the acquisition to help it further expand its footprint in cardiovascular interventions. Joaquin Duato – its chief executive said in a press release today:Shockwave and ...