Boston Scientific's Public Offering: Prelude to Deals?

Executive Summary

After Boston Scientific's successful public offering, Boston's stock price was up $46.50 on July 16, 1999, suggesting investors are growing confident that Boston Scientific can rejoin the ranks as one of the leading big-cap device companies in terms of earnings and growth. For non-investors, the public offering raises another question: will Boston Scientific also return to form as one of the device industry's most aggressive acquirers of other companies?