March 05, 2025 07:57 GMT
HEALTHCARE: Smith & Nephew (SNLN: Baa2/BBB+): Break-Up Potential
HEALTHCARE
- The Times is reporting that John Rogers, CFO, would consider spinning-off the Orthopaedics division if results do not improve
- This was discussed at a breakfast meeting with analysts last week
- We do NOT see any protection in the bond docs for a partial separation
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