US Stock Market Move | Boston Scientific Corporation (BSX.US) rose nearly 5% after reaching an agreement to acquire Bolt Medical.

On Wednesday, Boston Scientific Corporation (BSX.US) rose nearly 5%, hitting a new record high of $96.42. In terms of news, Boston Scientific Corporation announced that it has reached an agreement to acquire Bolt Medical, Inc. The company expects the transaction to be completed in the first half of 2025, subject to customary closing conditions. After adjustments, the company expects the transaction to have a slightly dilutive effect on earnings per share (EPS) in 2025, which will be offset through internal cost efficiencies and trade-offs.