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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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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 11, 2014
09:05 EDTMDTMedtronic receives FDA approval for Attain Performa LV quadripolar leads
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