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Stock Market & Financial Investment News

News Breaks
May 29, 2014
07:46 EDTSYK, SNNStryker risk/reward favorable, says RBC Capital
After Financial Times reported that Stryker (SYK) was preparing a bid for Smith & Nephew (SNN), RBC Capital thinks the deal would be 8%-10% accretive in the first year and 15%-20% accretive in the third year. The firm thinks that Stryker's stock can rise further from current levels.
News For SYK;SNN From The Last 14 Days
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September 24, 2014
11:06 EDTSNNSmith & Nephew announces intended ratio change for ADRs
Smith & Nephew announces an intended ratio change to its NYSE-listed American Depositary Receipt program. The ratio will change from the current one ADR per five ordinary shares to one ADR per two ordinary shares. The anticipated effective date for the ratio change is October 14. To implement the change, ADR holders on the record at the close of business one business day prior to the ratio change taking effect will receive 2.5 ADRs for every one ADR held.
09:11 EDTSNNSummer Street Director of Research to hold an analyst/industry conference call
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September 17, 2014
15:19 EDTSYKStryker says targeting 60% of premium market in China by end of 2015
Says targeting 80% of premium market in China by 2020.
14:49 EDTSYKStryker says targeting dividend hike in line or above EPS growth
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14:39 EDTSYKStryker backs Q3 adjusted EPS $1.12-$1.16, consensus $1.14
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14:36 EDTSYKStryker says globalization remains a 'top priority'
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07:43 EDTSNNBofA/Merrill to hold a conference
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