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According to Bloomberg News, individuals familiar with the matter reported that Boston Scientific (BSX.N) is considering a purchase of Shockwave Medical (SWAV.O), a cardiovascular medical

device firm. Shockwave Medical's market capitalization as of the last close was $9.49 billion, according to Refinitiv. In response to the news, Shockwave's stock surged by 6.9%, while Boston Scientific's fell by 1.9% in morning trading.

As per the report, Boston Scientific has been actively seeking to acquire Shockwave to expand its line of cardiovascular devices. Last year, Bloomberg News had disclosed that Shockwave Medical was assessing options for a merger after receiving takeover interest.

Neither Shockwave nor Boston Scientific has made any comments on the situation. Photo by Kevin Hutchinson, Wikimedia commons.