Johnson & Johnson To Buy Shockwave Medical For $13.1 Billion

Dow Jones giant Johnson & Johnson (JNJ) said it would acquire Shockwave Medical (SWAV) for $13.1 billion, or $335 a share. Both stocks rose slightly early Friday.X Shockwave rose 1.6% to about 325. J&J edged higher.SWAV stock had surged 68% to 319.99 as of April 4 in 2024, with takeover speculation among the driving forces. JNJ stock had fallen 2.7%.Shockwave Medical is a leader in intravascular lithotripsy, a method of cracking hardened calcium in blood vessel walls.J&J said the deal will boost its positio ...