PreferredStockChannel

Slideshow Preferred Stock Offerings

By Preferred Stock Channel Staff, updated Fri, March 29, 7:03 AM

Slide #125. Boston Scientific Corporation Preferred Stock Offering

Company: Boston Scientific Corporation (NYSE:BSX)
Date announced: 5/21/2020
Shares Offered: 25,550,000
Date of Pricing: 5/21/2020
Price Per Share: $34.25
Preferred Stock Offering Details: Boston Scientific Corporation (NYSE: BSX) announced the pricing of concurrent offerings of 25,550,000 shares of its common stock ("Common Stock") at a price to the public of $34.25 per share and 8,750,000 shares of its 5.50% Mandatory Convertible Preferred Stock, Series A ("Mandatory Convertible Preferred Stock") at a price to the public and liquidation preference of $100.00 per share. The underwriters have separate 30-day options to purchase up to an additional 3,832,500 shares of Common Stock and up to an additional 1,312,500 shares of Mandatory Convertible Preferred Stock. The offerings are expected to close on May 27, 2020, subject to customary closing conditions.

Boston Scientific develops, manufactures and markets medical devices used in a range of interventional medical specialties. Co.'s MedSurg segment includes: Endoscopy, which develops and manufactures devices to diagnose and treat a range of gastrointestinal and pulmonary conditions; and Urology and Pelvic Health, which develops and manufactures devices to treat urological and pelvic conditions, including kidney stones, benign prostatic hyperplasia, prostate cancer, erectile dysfunction, incontinence and pelvic floor disorders. Co.'s Rhythm and Neuro segment develops and manufactures a range of implantable devices that monitor the heart and deliver electricity to treat cardiac abnormalities.

Preferred: BSX.PRA


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Name: 
Boston Scientific Corp.
Website: 
www.bostonscientific.com
Sector: 
Medical Instruments & Supplies
Number of ETFs Holding BSX: 
98 (see which ones)
Total Market Value Held by ETFs: 
$11,984,918,355.41
Total Market Capitalization: 
$99,675,000,000
% of Market Cap. Held by ETFs: 
12.02%
 

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Preferred Stock Offerings - Slide 125 of 619 | www.PreferredStockChannel.com

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