Share Speculation reignited in S&N bid talks whatsapp Show Comments ▼ by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBeAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteDefinitionDesi Arnaz Kept This Hidden Throughout The Filming of ‘I Love Lucy’DefinitionTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island Farmthedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.com Tags: NULL whatsapp SPECULATION over the ongoing Smith & Nephew bid mystery continued yesterday, amid reports that Johnson & Johnson had upped its bid for the UK manufacturer of replacement hips and knees. Despite a continued refusal to comment by the US pharmaceuticals company, Johnson & Johnson was widely reported to have revised its offer up to 800p per share from the 750p it is believed to have offered in December last year. An 800p per share offer would value the company at more than £7bn, after the previous bid was rejected as too low. The prosthetics supplier has often been the subject of bid rumours, particularly from large foreign companies. If targeted by Johnson & Johnson, the bid would be likely to receive attention from both the UK Takeover Panel and competition regulators in the US and Europe.The most recent takeover rumours have centred on Johnson & Johnson and Biomet, with the latter’s debt liabilities believed to have discouraged S&N chief executive David Illingworth from welcoming an approach last year. And in both December 2010 and earlier this month, shares in the company shot up when the market reacted to rumours of a sale. The revived speculation will refocus attention on the Takeover Panel’s role in the offer. Although neither party is under any regulatory obligation to release a statement if the speculation is inaccurate, Smith & Nephew stepped forward on Friday to deny merger speculation. This was despite a move of only four per cent in the company’s shares following speculation that its US rival Biomet had tendered an offer, well below the five per cent that is used as guidance in the Panel’s rules. Late on Sunday the company line remained unchanged, with an S&N spokesman maintaining that a takeover bid was not on the table.But if Smith & Nephew does move to consider a bid, or its share value makes a significant movement based on the rumours, then it will be pressed by the Panel to make an immediate announcement to the market. KCS-content More From Our Partners Supermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgUK teen died on school trip after teachers allegedly refused her pleasnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.org980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comMark Eaton, former NBA All-Star, dead at 64nypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comConnecticut man dies after crashing Harley into live bearnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.com Sunday 16 January 2011 10:34 pm
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