Smith & Nephew, armed with $221M cash, is looking for “bolt-on” acquisitions

M&A: Smith & Nephew looks to make moves (press release)
British medical device company Smith & Nephew is still on the hunt for merger & acquisition deals
Smith & Nephew is on the hunt for buyout candidates, according to CEO Olivier Bohuon, ranging from a "bolt-on acquisition at $10 million to something much more significant."
Armed with $221 million in cash and equivalents as of June 30, the British medical device company has plenty of dry powder on hand to make its move. And Bohuon said Smith & Nephew "will borrow for the right acquisition" during a conference call yes...