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Stock Market & Financial Investment News

News Breaks
June 16, 2014
07:31 EDTMDT, SNN, COVSmith & Nephew slips after Medtronic agrees to acquire Covidien
Shares of U.K. medical device maker Smith & Nephew (SNN) are down nearly 2% in pre-market trading in New York after Medtronic (MDT) announced this weekend that it has agreed to acquire Irish device maker Covidien (COV) in a cash-and-stock transaction valued at approximately $42.9B. Note that on June 4 Bloomberg had reported that Medtronic was weighing a takeover bid for Smith & Nephew, which would have allowed the U.S. company to move its tax domicile to the U.K.
News For SNN;MDT;COV 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.
08:37 EDTMDTFlex Pharma announces investment from Medtronic
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March 2, 2015
12:59 EDTMDTAppeals court ruling a positive for NuVasive, says Wells Fargo
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12:54 EDTMDTNuVasive gets mixed appeals court ruling in patent fight with Medtronic
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08:55 EDTMDTEdwards Lifesciences Medtronic likely to get positive catalyst, says Wells Fargo
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February 27, 2015
12:50 EDTSNNSmith & Nephew, Stryker seen as potential headliners of 2015 M&A, TheDeal says
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09:02 EDTMDTMedtronic announces Irish High Court approval of share premium reduction
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February 24, 2015
13:02 EDTMDTMedtronic confirms FDA approval of VenaSeal closure system
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February 23, 2015
08:40 EDTMDTMedtronic acquires Advanced Uro-Solutions, terms not disclosed
Medtronic announced that it has acquired Advanced Uro-Solutions, a privately-held developer of neurostimulation products for the treatment of bladder control issues based in Elizabethton, Tennessee. Terms of the acquisition agreement, which closed in December 2014, were not disclosed.
February 20, 2015
12:19 EDTMDTFDA approves closure system to permanently treat varicose veins
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