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Stock Market & Financial Investment News

News Breaks
January 15, 2014
11:09 EDTSYKStryker sees FY13 adjusted EPS $4.20-$4.26, consensus $4.23
Sees FY adjusted EPS growth 10%-12%. Sees FY13 organic sales growth 4.5%-5.5%, consensus $8.99B. Capital allocation plans include: M&A to drive growth, dividend growth, share repurchases. Sees 15% increase in dividend for 2014. Comments from slides that are being presented at the JP Morgan Healthcare Conference.
News For SYK From The Last 14 Days
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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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