(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