Stryker Says Not In Buy-out Talks With Boston Scientific

(RTTNews) - Stryker Corp. (SYK) disclosed in a regulatory filing that it is not in discussions with Boston Scientific Corp. (BSX) regarding a potential acquisition.

Stryker said it doesn't typically comment on these matters, but it chose to respond following market speculation about a possible deal for Boston Scientific.

On Monday, The Wall Street Journal reported Stryker had made a takeover approach to Boston Scientific, a move that would create a medical-device giant and would be the latest effort to consolidate a corner of the health-care industry that has produced a raft of large deals lately.