S+N statement: will start informal negotiations with Biomet

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Smith & Nephew Says It's Not in Talks to Be Bought or Make an Acquisition (Bloomberg)
Smith & Nephew's Tantalizing Silence (WSJ)
S&N rejected $11 billion bid approach from J&J: report (UK Reuters)
S&N urged to reveal details of J&J bid (HealthInvestor)
Smith & Nephew Rebuffs JNJ Bid (HealthPointCapital)

Commentary from HealthPointCapital...   Smith & Nephew has rejected a $10.9 billion bid from Johnson & Johnson to acquire the company, according to reports out late this weekend. Smith & Nephew turned down the offer before Christmas, saying it underva...

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