The projected amount of Smith & Nephew’s equity is 57 percent higher than its average market value in the past 20 days, which makes it among the industry’s most expensive, according to the report. Johnson & Johnson and General Electric are the only companies that have completed deals at prices that high in the past ten years.
Keith Wirtz, the company’s chief investment officer, says any other company seeking to acquire Smith & Nephew will have to meet the company’s value.
Read the Bloomberg Businessweek report on Smith & Nephew.
Read other coverage on Smith & Nephew:
– Smith & Nephew Adds 100 Employees
– Smith & Nephew CEO Speaks About Orthopedic Device Environment
– Smith & Nephew Denies Discussion of Mergers or Takeovers
