Heart device maker St. Jude in talks to buy Thoratec: Bloomberg

Heart device maker St. Jude in talks to buy Thoratec: Bloomberg

(Reuters) – Heart device maker St. Jude Medical Inc is in talks to buy smaller rival Thoratec Corp , Bloomberg reported, citing sources familiar with the matter.

No final deal has been agreed & Thoratec could moreover opt to seek a different buyer, the report said. (http://bloom.bg/1JeCCqi)

Pleasanton, California-based Thoratec's stock rose 27 percent to a record high of $62.05 on the Nasdaq on Tuesday. As of Monday's close, the company, which makes devices used for mechanical circulatory support to treat heart failure patients, was valued at approximately $2.65 billion.

p> St. Jude's shares were little changed at $76.57.

Neither company was immediately available for comment.

Shares of medical device maker HeartWare International Inc rose as much as approximately 9 percent on the news.

(Reporting by Natalie Grover in Bengaluru; Editing by Maju Samuel)

St. Jude Medical IncThoratec

Source: “Reuters”

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