Why This Move Indicates Stryker May Not Buy Smith & Nephew Inc.
Smith & Nephew stock took a 5% dive in price this week on the London Stock Exchange after suspected suitor Stryker announced its board had authorized another $2 billion for share repurchases.
Analysts told media outlets that the move by Kalamazoo, MI–based Stryker diminishes the chances that it will indeed acquire the London-based device maker. Stryker now has $2.583 billion available for share repurchases, which along with dividends represent a way for companies in the United Kingdom, United Kingdom, and elsewhere to reward their shareholders.
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Analysts told media outlets that the move by Kalamazoo, MI–based Stryker diminishes the chances that it will indeed acquire the London-based device maker. Stryker now has $2.583 billion available for share repurchases, which along with dividends represent a way for companies in the United Kingdom, United Kingdom, and elsewhere to reward their shareholders.
Help employers find you! Check out all the jobs and post your resume.