Will the Latest Smith & Nephew Rumor Actually Pan Out? (MD+DI)
It must be that time of year.
Wall Street is once again abuzz with speculation of a potential Smith & Nephew takeout. Deal rumors have swirled around the London-based medical device firm for years, this time fueled by CEO Olivier Bohoun’s retirement plans, coupled with unconfirmed reports that activist investor Elliott Management Corp. has taken a stake in the company.
Smith & Nephew recently notified investors that Bohoun will retire by the end of next year, after seven years as CEO. Reports of Elliott Management Co...