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Stock Market & Financial Investment News

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June 5, 2014
09:14 EDTSNNSmith & Nephew takeover defense can boost shareholder value, says Bernstein
Bernstein believes that a takeover of Smith & Nephew has become a distinct possibility, but the firm does not expect Smith & Nephew to willingly agree to sell itself. The firm thinks the company could take several steps to defend itself, and Bernstein believes that these measures will deliver significant shareholder value in the near to medium term. It keeps an Outperform rating on the shares.
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