Royal Phillips NV is set to acquire Spectranetics Corp. for €1.9 billion ($2.2 billion). The proposed acquisition is the latest in a string of efforts the Amsterdam, the Netherlands-based company has made to strengthen its position in health care. The deal is set to close in 3Q17. Upon news of the proposed deal, shares of the Colorado Springs based-company (NASDAQ:SPNC) were up on Wednesday by about 26.15 percent and trading at $38.35. Read More
