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Stock Market & Financial Investment News

News Breaks
June 5, 2014
07:26 EDTGMED, WMGI, SNN, NUVA, MDTOrtho consolidation likely in 'early innings,' says Leerink
Leerink says consolidation in the ortho space is likely in the "early innings" after reports surfaced that Medtronic (MDT) is considering a bid for Smith & Nephew (SNN). The firm views Smith & Nephew's product portfolio as "highly complementary" to Medtronic, and estimates the potential deal would be meaningfully dilutive in year one and likely neutral to accretive thereafter. Leerink notes that recent Smith & Nephew takeover reports have pressured small cap names in the space, namely Globus Medical (GMED), NuVasive (NUVA) and Wright Medical (WMGI), all of which are considered potential acquisition targets. The firm expects the large deals to get done first, with attention then turning to small-to-mid sized acquisitions. It reiterates Outperform ratings on Globus, NuVasive and NuVasive.
News For MDT;SNN;GMED;NUVA;WMGI From The Last 14 Days
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December 19, 2014
10:17 EDTWMGIOn The Fly: Analyst Initiation Summary
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05:36 EDTWMGIWright Medical initiated with a Market Perform at Wells Fargo
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December 17, 2014
06:17 EDTSNNWPP PLC confirms Roberto Quarta as chairman-designate
WPP plc (WPPGY) announces the appointment of Roberto Quarta to its Board as a non-executive director and Chairman-designate. He will join the Board on January 1, 2015 and will offer himself for re-election at the company’s Annual General Meeting to be held in June 2015. Subject to his re-election, he will be appointed Chairman to succeed Philip Lader, who joined the Board as Chairman in 2001. Roberto Quarta is Chairman of Smith & Nephew plc (SNN), a FTSE 100 global medical technology company, and Chairman of IMI plc, a FTSE 250 engineering business. He is also a partner at the private equity firm Clayton, Dubilier & Rice and a non-executive director at Spie SA. The transition in the Chairman’s role will occur, if Quarta has resigned from the IMI Board as anticipated, immediately at the close of WPP’s June AGM or thereafter upon such resignation.
05:33 EDTSNNSmith & Nephew says study shows incisions had fewer complications with PICO NPWT
Smith & Nephew announces that data from an international, multicentre-study presented at the Aesthetic Surgery of the Breast Symposium, has shown significantly fewer wound healing complications associated with breast reduction surgery, through the post-operative application of PICO Negative Pressure Wound Therapy, or NPWT. 200 bilateral breast reduction patients were observed across six leading centres PICO was used as an incision management system and compared to the standard post–operative wound care procedure. The primary analysis shows significantly fewer healing complications for PICO compared to standard care, and a 38% relative reduction in surgical dehiscence from 26.4% to 16.2%.
December 15, 2014
07:32 EDTNUVAStifel to hold a bus tour
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December 11, 2014
09:05 EDTMDTMedtronic receives FDA approval for Attain Performa LV quadripolar leads
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