Smith & Nephew investors may push for breakup - Mail on Sunday [Seeking Alpha]
Smith & Nephew SNATS, Inc. (SNN)
Last smith & nephew snats, inc. earnings: 8/1 04:05 pm
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smithoptics.com
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Source: Seeking Alpha
The holders want CEO Deepak Nath to improve the company's fortunes or potentially be ousted, according to a Mail on Sunday report . Shareholders are looking for a shake-up in Smith & Nephew's ( SNN ) orthopedics division, which may be a potential spin-off candidate. Investors are said to pleased with the leadership of Smith & Nephew ( SNN ) Chairman Rupert Soames, though they are unsure about CEO Nath, according to the report. The Mail on Sunday report comes after Swedish activist investor Cevian Capital disclosed a 5% stake in the UK-medical device maker in July. BlackRock ( BLK ) is also one of the company's biggest holders, with a more than 5% stake. "Over the last two years we have delivered revenue growth above historical levels and increased profitability," a Smith & Nephew spokesperson told Mail on Sunday. "There is clear momentum... and continued delivery of innovation." The pressure from shareholders comes at a time when Smith & Nephew ( SNN ) shares have fallen 15%
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News
- Smith & Nephew plc (NYSE: SNN) was downgraded by analysts at StockNews.com from a "strong-buy" rating to a "buy" rating.MarketBeat
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- Smith & Nephew plc (NYSE: SNN) was downgraded by analysts at Berenberg Bank from a "buy" rating to a "hold" rating.MarketBeat
- Smith & Nephew (LON:SN.) investors are sitting on a loss of 25% if they invested five years ago [Yahoo! Finance]Yahoo! Finance
SNN
Sec Filings
- 11/12/24 - Form 6-K
- 11/12/24 - Form 6-K
- 11/1/24 - Form 6-K
- SNN's page on the SEC website