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Stock Market & Financial Investment News

News Breaks
September 25, 2012
09:31 EDTSNNSmith & Nephew gets FDA clearance to expand indications for devices
Smith & Nephew announced that it has received FDA clearance to expand the indications within the hip for its innovative HEALICOIL PK Suture Anchor and OSTEORAPTOR Suture Anchor. Indications for the HEALICOIL PK Suture Anchor have been expanded to include abductor repair while those for the OSTEORAPTOR Suture Anchor now include labral reconstruction. Both products and new techniques will be showcased at this week's International Society for Hip Arthroscopy Annual meeting in Boston.
News For 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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