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...’s US arm] to end its decades of operations in Texas”....
...(FT) What else we’re reading The next debt crisis The ratio of global debt to gross domestic product hit an all-time high of more than 322 per cent in the third quarter of 2019....
...Of those, over 10,000 have come from just one company: Arrowhead Engineered Products Inc. of Blaine, Minnesota....
...Suddenly, none wanted new products for cars running on fossil fuels....
...Is Smith & Nephew the one that got away? The UK medical device maker has long been seen as a potential target for bigger US rivals....
...Smith & Nephew in February agreed to pay $1.7bn for ArthroCare, a Texas-based medical devices company, in a bid to strengthen its position in the US and its presence in sports injury care....
...Other deals in the medical devices sector have included Smith & Nephew’s $1.7bn takeover of Texas-based AthroCare, agreed in February....
...(WSJ) The SEC “is seeking up to $750 million in sanctions from Texas entrepreneur Sam Wyly and the estate of his deceased brother, Charles Wyly....
...… How to be Both, by Ali Smith, Hamish Hamilton, £16.99 The ever-inventive Smith’s Man Booker-shortlisted novel is a tale of two halves: in one, teenage George, trying to cope with her mother’s sudden...
...care and orthopedics, where it has launched more bespoke products supported by computer-aided design....
...Olivier Bohuon, Smith & Nephew’s chief executive, said: “These legacy issues do not reflect Smith & Nephew today....
...Johnson & Johnson settled one such case last year and Smith & Nephew was fined earlier this year....
...Smith & Nephew was 0.9 per cent weaker at 588½p after Stryker, the US peer perennially mentioned as a possible bidder for S&N, increased its cash returns to shareholders....
...J&J earlier this year made an unsuccessful bid for Smith & Nephew, the UK hip and knee replacement company that was said to be valued at nearly $11bn....
...The companies would also be able to extract synergies from SG&A costs and central functions, as well as leveraging JNJ’s larger sales force to increase sales of Smith & Nephew’s strong hip and knee product...
...“The sports industry has relatively finite product,” says Andrew Zimbalist of Smith College, Massachusetts. “There’s only one World Series, only one Super Bowl.”...
...The FTSE Asia Pacific index sank 1.5 per cent to 262.08, with Japanese gross domestic product shrinking more than forecast and South Korea’s central bank raising interest rates for the second time this year...
...Hamburg-based BSN, created in 2001 as a joint venture between Smith & Nephew and Beiersdorf, is one of the most valuable assets in Montagu’s portfolio....
...British medical devices firm Smith & Nephew said on Monday it had agreed to buy Switzerland’s privately-owned Plus Orthodpedics for $889m in cash, including debt....
...Smith & Nephew, the UK medical device maker, has agreed to buy Plus Orthopedics Holding, a privately-owned Swiss group, for SFr1.09bn (£450m) cash, including assumed debt....
...“As announced on 2nd November 2006, Smith & Nephew plc has been in discussions with the Board of Biomet Inc with a view to combining the two businesses....
...Based in Warsaw, Indiana, Biomet is best known for its orthopedic products, such as joint replacements and spinal products....
...The consortium outbid several other buyers, including Smith & Nephew, which was also beaten by Zimmer in the race to buy Switzerland’s Centerpulse in 2003....
...Potential bidders could include Smith & Nephew, Johnson & Johnson, Stryker and Zimmer, all of which have a significant presence in the wound care sector....
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