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Stock Market & Financial Investment News

News Breaks
July 22, 2014
08:36 EDTSYKStryker appoints CEO Kevin Lobo as chairman
Stryker announced that Kevin A. Lobo, president and CEO, has been appointed chairman of the board, in addition to his current responsibilities, effective July 22. William U. Parfet, Stryker's non-executive chairman, will again assume the role of lead independent director. Lobo joined Stryker in April 2011 and served as group president of Stryker Orthopaedics prior to his appointment as president and CEO in October, 2012.
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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