11th Nov 2026 09:24
Smith & Nephew PLC - Watford, England-based medical devices maker - S&N says Merrill Lynch International will run the USD250 million second half of the USD500 million share buyback that it announced back in May. Merrill also had run the first half. The new tranche begins on Wednesday and will be completed by April 23 next year. The shares bought back will be cancelled or held in treasury for employee share awards. S&N says no American depositary receipts will be repurchased as part of the buyback.
Current stock price: 1,146.50 pence for GBP9.54 billion market capitalisation
12-month change: down 9.5%
By Tom Waite, Alliance News editor
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