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Smith & Nephew silent despite bid report

Comments (0) | 10 Jan 2011 | Rating Rating (-1 to +1): 0.0

| Print by Tim Human

Company allegedly received £7 bn bid from US rival Johnson & Johnson in weeks before Christmas

Smith & Nephew, the UK-based medical-device maker, has remained silent this morning despite a sharp rise in its share price following speculation of a possible bid.

The company’s shares have risen more than 10 percent in London after a Sky News report published over the weekend said Smith & Nephew rejected ...

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