Hints and tips:
...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....
...Stryker, which in 2014 disclosed that it had been working on a bid, was once again being mooted by day traders as a potential buyer....
...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....
...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....
...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...
...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....
...Stryker admitted last year that it had considered a bid and Mr Jones says the rationale for such a deal was “obvious”....
...Mako Surgical was bought by medical equipment maker Stryker for $1.65bn in 2013....
...On Wednesday, Stryker, the medical device maker, said it did not intend to make an offer for Smith & Nephew....
...May 28 2014: Stryker says it has no plans to make a takeover offer for Smith & Nephew – at the request of the Takeover Panel – ruling itself out for six months, following a Financial Times story linking...
...S&N, which in May had been targeted by US peer Stryker as an inversion candidate, also guided for its tax rate to decline by up to 2 percentage points over the next two years....
...Medtronic had already been widely rumoured to be considering its options after its compatriot Stryker said in May that it had paused work on an S&N bid....
...Medtronic had been rumoured to be evaluating inversion options in recent weeks after it emerged that its US rival Stryker had been preparing a bid for UK-based Smith & Nephew....
...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....
...Others in the sector include Johnson & Johnson and Stryker of the US. Under the terms of the latest deal, Biomet shareholders will receive $10.35bn in cash and Zimmer stock worth $3bn....
...The UK-listed drugmaker is the third FTSE 100 healthcare company to be targeted by a US rival so far this year after AstraZeneca fought off Pfizer and Smith & Nephew attracted tentative interest from Stryker...
...Mr MacMillan was forced out of Stryker in February 2012 after seven years at the helm, after revealing to the board that he had a relationship with the flight attendant on the corporate jet....
...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.”...
...Ye said after seeing his apt tumble in value (WSJ) Help to Buy 2 apparently not fuelling southeast boom (Financial Times) UK lesson for Stryker and Pfizer (Financial Times) “Home-equity lines of credit...
...Most of the big device companies – Medtronic, Stryker, Boston Scientific, Zimmer, Smith & Nephew – have underperformed the market since Mr Obama’s inauguration....
...Listed competitors, Stryker Corp in the US and UK-based Smith & Nephew, Europe’s largest orthopaedic device maker, are valued at about 8.5 times ebitda, which would give Biomet a theoretical valuation of...
...The network was one of several unearthed during a probe by the US in 2007 into corruption by medical device groups in Greece, with probes continuing against rivals including Biomet, Stryker, Zimmer and Medtronic...
...In the orthopaedic implant sector, big groups such as Stryker, a leading US maker of artificial joints such as hips, is also using the process, while another leader in this application is Adler Ortho, a...
...Jude, Boston Scientific) underperforming badly while orthopaedic specialists (Stryker, Smith & Nephew, and Zimmer) have fared better....
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