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Stock Market & Financial Investment News

News Breaks
February 4, 2014
06:44 EDTSNN, ARTCArthroCare unlikely to attract competing bid, NY Times columnist says
After British medical technology company Smith & Nephew (SNN) yesterday agreed to buy sports medicine specialist ArthroCare (ARTC) for $1.5B, New York Times columnist Quentin Webb doesn't expect ArthroCare to attract another bid. Smith & Nephew has more synergies with ArthroCare than other potential bidders, making a competing bid unlikely, the columnist explained. Reference Link
News For ARTC;SNN From The Last 14 Days
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March 4, 2015
08:52 EDTSNNStryker share buyback lowers chance of bid for Smith & Nephew, says Bernstein
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March 3, 2015
12:30 EDTSNNSmith & Nephew acquires Colombia distributor EuroCiencia
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09:57 EDTSNNSmith & Nephew drops after Stryker announces buyback plan
Shares of Smith & Nephew (SNN) are moving lower after Stryker (SYK) announced this morning that its board approved a new $2B share repurchase program. "We remain committed to pursuing a capital allocation strategy that includes acquisitions, dividends and share repurchases," said Stryker CEO Kevin Lobo. He added, "While M&A activity across the breadth of our product and service offerings will remain the primary focus of our long-term growth strategy, this new authorization recognizes that the strength of our balance sheet is sufficient to enable more significant share repurchases." The news has Smith & Nephew, viewed as a potential takeover target for Stryker, trading off 5% in early trading to $34.96.
February 27, 2015
12:50 EDTSNNSmith & Nephew, Stryker seen as potential headliners of 2015 M&A, TheDeal says
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