MEDTRONIC SQUASHES SMITH & NEPHEW TAKEOVER REPORT (Orthopedics This Week)
Bloomberg reported on June 4, 2014 that Medtronic, Inc. is joining Stryker Corporation in evaluating a purchase of Smith & Nephew plc (S&N). Medtronic management quickly threw cold water on that report at a Wall Street analyst meeting on June 5.
According to “people familiar with the matter,” Bloomberg reported that a takeover could see Medtronic move its tax domicile overseas and give the company better access to its overseas cash.
Medtronic CEO Omar Ishrak, reported Bloomberg, has said he wouldn’t rule out...
