Hints and tips:
...Smith & Nephew has confirmed Salamander Davoudi’s scoop that the company is in talks to merge with Biomet of the US....
...Finally, the chief executive of Smith & Nephew, Christopher O’Donnell, is retiring, having failed to buy Biomet last year but bought a good Swiss business instead....
...Biomet fell 1 per cent to $41.59 after the maker of hip and knee replacement parts accepted a $10.9bn private buy-out offer....
...Investors were watching whether Smith & Nephew, of the UK, would make a bid for US rival BioMet for up to $12bn. Shares in BioMet rose 4.1 per cent to $41.54....
International Edition