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News Breaks
June 5, 2014
07:26 EDTMDT, GMED, WMGI, SNN, NUVAOrtho 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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November 27, 2015
06:59 EDTMDTMedtronic volatility flat into Q2 and outlook
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November 24, 2015
08:31 EDTMDTMedtronic remains a top tier performer in Med Device space, says Cowen
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November 20, 2015
08:28 EDTSNNSmith & Nephew management to meet with Jefferies
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05:22 EDTMDTStocks with implied volatility movement; MDT UNH
Stocks with implied volatility movement; Medtronic (MDT) 25, UnitedHealth (UNH) 30 according to iVolatility.
November 18, 2015
08:57 EDTWMGIWright Medical 4.5M share Spot Secondary priced at $21.10
BofA/Merrill acted as sole book running manager for the offering. For complete Syndicate deal analysis visit The Fly's Syndicate section.
07:43 EDTWMGIJefferies to hold a conference
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November 17, 2015
16:30 EDTWMGIWright Medical files to sell 4.5M ordinary shares for holders
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16:19 EDTWMGIWright Medical files to sell ordinary shares for holders, no amount given
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09:14 EDTMDTMedtronic announces FDA approval, launch of MyCareLink Smart Monitor
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