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Stock Market & Financial Investment News

News Breaks
March 13, 2013
13:01 EDTSYKVertiFlex announces sale of spinal implant technologies to Stryker
VertiFlex, a privately held medical device company, announced the sale of certain assets to Stryker Corporationís Spine Division relating to spinal implants that are not core to the ongoing strategic operations of VertiFlex. The scale and scope of the deal are not disclosed, however, the transaction provides VertiFlex with significant non-dilutive funding to further advance its platform for minimally invasive treatment of spinal stenosis, the company said. VertiFlex said the agreement with Stryker includes up-front cash, contingent payments as well as a long-term licensing agreement.
News For SYK From The Last 14 Days
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March 4, 2015
08:52 EDTSYKStryker share buyback lowers chance of bid for Smith & Nephew, says Bernstein
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March 3, 2015
09:57 EDTSYKSmith & 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.
08:38 EDTSYKStryker announces new $2B share repurchase authorization
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February 27, 2015
12:50 EDTSYKSmith & Nephew, Stryker seen as potential headliners of 2015 M&A, TheDeal says
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February 20, 2015
08:27 EDTSYKStryker has a conference call hosted by JPMorgan
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