Boston Scientific Announces Public Offerings, Shares Move Lower After Hours
May 20 2020 - 06:09PM
Dow Jones News
By Stephen Nakrosis
Shares of Boston Scientific Corp. are trading lower in
Wednesday's after-hours market, following the company's
announcement that it commenced offerings of its common stock and
its Series A Mandatory Convertible preferred stock.
At 5:28 p.m. EDT, the company's shares had fallen 4.25% to trade
at $35.60. Volume in the late-trading session topped 229,000
shares.
The stock finished the day's regular trading session with a
4.94% gain to close at $37.18.
Year to date, shares of the medical devices company are down
over 17%.
After the bell Wednesday, Boston Scientific said it commenced
concurrent offerings of $750 million of shares of its common stock
and $750 million of shares of its Series A Mandatory Convertible
Preferred Stock.
--Write to Stephen Nakrosis at stephen.nakrosis@wsj.com
(END) Dow Jones Newswires
May 20, 2020 17:54 ET (21:54 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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