|
Strong Buy (3.70 out of 4)
70th percentile
|
|
|
Preferred Stock Offerings
By Preferred Stock Channel Staff, updated Friday, March 29, 10:15 AM
Slide #124. Boston Scientific Corporation — Preferred Stock Offering
Company: |
Boston Scientific Corporation (NYSE:BSX) |
Date announced: |
5/21/2020 |
Shares Offered: |
8,750,000 |
Date of Pricing: |
5/21/2020 |
Price Per Share: |
$100.00 |
Preferred Stock Offering Details: |
Boston Scientific Corporation (NYSE: BSX) announced the pricing of concurrent offerings of 25,550,000 shares of its common stock ("Common Stock") at a price to the public of $34.25 per share and 8,750,000 shares of its 5.50% Mandatory Convertible Preferred Stock, Series A ("Mandatory Convertible Preferred Stock") at a price to the public and liquidation preference of $100.00 per share. The underwriters have separate 30-day options to purchase up to an additional 3,832,500 shares of Common Stock and up to an additional 1,312,500 shares of Mandatory Convertible Preferred Stock. The offerings are expected to close on May 27, 2020, subject to customary closing conditions. |
Boston Scientific develops, manufactures and markets medical devices used in a range of interventional medical specialties. Co.'s MedSurg segment includes: Endoscopy, which develops and manufactures devices to diagnose and treat a range of gastrointestinal and pulmonary conditions; and Urology and Pelvic Health, which develops and manufactures devices to treat urological and pelvic conditions, including kidney stones, benign prostatic hyperplasia, prostate cancer, erectile dysfunction, incontinence and pelvic floor disorders. Co.'s Rhythm and Neuro segment develops and manufactures a range of implantable devices that monitor the heart and deliver electricity to treat cardiac abnormalities. Preferred: BSX.PRA
Open the BSX Page at Preferred Stock Channel »
Open the BSX Page at Preferred Stock Channel (in a new window) »
|
|