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...American pessimism I was very much struck by this interview in The New York Times with the Democratic pollster Brian Stryker....
...The deal left Stryker with enough room to make additional “tuck-in” acquisitions if it desired, the company said....
...(Tech Crunch) News round-up Silicon Valley fund seeks major stake in New York Knicks, Rangers (New York Post) British Airways group to buy Air Europa for €1bn (FT) US medical device maker Stryker to...
...Nor had the company displayed sufficient technological innovation, for example in the area of robotics where Stryker had built capability, he said....
...Boston Scientific shares jumped almost 10 per cent on Monday after a media report Stryker made an approach to purchase the rival maker of medical devices....
...It spends half its revenues on general overhead; at US peer Stryker, the ratio is just over a third. The problem is partly scale....
...Stryker, the US device maker which four years ago disclosed it had been considering a bid for Smith & Nephew, has seen its own share price rise more than 20 per cent in the past year, for example....
...The company’s share price has more than doubled over the past five years but it has also underperformed some of its peers, such as Stryker, its larger US-based rival, which in 2014 disclosed that it had...
...Stryker trades at 22 times forward earnings. Intuitive Surgical at 39 times. Both, however, are valued far below technology company multiples and are already profitable....
...News round-up Stryker makes takeover approach to Boston Scientific (WSJ) KKR agrees to buy Envision Healthcare in $9.9bn deal (FT) USG Corp agrees to $7bn deal from Germany’s Knauf (FT) Mars to buy AniCura...
...The stake building comes after weeks of rumoured takeover interest in the UK medical device maker, which is often cited as a takeover target for US rivals Johnson & Johnson or Stryker, pushing the stock...
...On the same day, US medical device group Stryker also unveiled a $2.8bn deal to buy Sage, which makes products to prevent infections in hospitals....
...Also on Monday, medical device company Stryker agreed to buy Sage, which makes care products, for $2.8bn....
...Shares in Stryker , the medical device company, fell earlier in the day after it announced a deal to buy Sage Products, which makes care products, for $2.78bn. They closed almost flat....
...The rally in risk assets has provided an opening for the sale of new debt, with Berkshire Hathaway, ConocoPhillips, Stryker, Citigroup and a subsidiary of Nissan Motor completing multibillion-dollar deals...
...Stryker admitted last year that it had considered a bid and Mr Jones says the rationale for such a deal was “obvious”....
...“Stryker’s authorisation does not prevent an S&N deal but does signal that it may be less interested,” said Morgan Stanley....
...Alex Olvera, analyst at Makor Securities, said in a report this week that a renewed Stryker bid for S&N was likely. “Stryker needs to acquire if they are to maintain positioning and profitability.”...
...Smith & Nephew had launched a review of its advisers late last year, amid market rumours that US peer Stryker was considering a bid....
...UK takeover rules prohibit Stryker from making a bid for six months unless recommended by Smith & Nephew’s board....
...On Wednesday, Stryker, the medical device maker, said it did not intend to make an offer for Smith & Nephew....
...Stryker’s statement sent the shares back to £10.29....
...Medical devices maker Smith & Nephew, which was linked with bid interest from US peer Stryker, lost 2.5 per cent to 950p....
...Smith & Nephew would be fourth, behind Stryker. “In the short term and medium term, this is a very good opportunity for us,” said Mr Bohuon. “In the longer term, it is neutral.”...
...Stryker, another US device maker, last month confirmed it had been evaluating a bid for Smith & Nephew, its UK-based rival, but had decided against it – at least for now....
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