M&A
confidence high
sentiment positive
materiality 0.95
Boston Scientific to acquire Penumbra for ~$14.5B enterprise value ($374/share)
BOSTON SCIENTIFIC CORP
- Deal consideration: ~73% cash, ~27% stock; $374 per Penumbra share; enterprise value ~$14.5B.
- Penumbra Q4 2025 revenue growth 21.4-22.0%; FY2025 revenue ~$1.4B (+17.3-17.5% YoY).
- Transaction expected to close in 2026; subject to Penumbra stockholder approval and customary conditions.
- First full year adj. EPS dilutive $0.06-0.08; neutral to slightly accretive in year two.
- Expands Boston Scientific into mechanical thrombectomy and neurovascular adjacencies.