Now vultures get their claws in to medical pioneer: Hedge funds target Smith & Nephew as fears grow new chief will break up firm



A new boss with a reputation for deal-making will run Smith & Nephew (S&N) after it was targeted by a ruthless hedge fund which wants to break up the business.
Namal Nawana is set to take over on May 7 from chief executive Olivier Bohuon, who will step down after seven years at the top of the hospital equipment company.
The 47-year-old's appointment comes as S&N is being pressured by Elliott Management to sell parts of the company and increase shareholder value. 
Elliott, which is part of the empire run by feared Wall Street operator Paul Singer, is thought to have amassed a... read more

 
4 April 2018 in Business, Views: 98
Source: Daily Mail
Share:
 




News Widget for Webmasters


Realtime News

 

«
»
Mo Tu We Th Fr Sa Su
            1
2 3 4 5 6 7 8
9 10 11 12 13 14 15
16 17 18 19 20 21 22
23 24 25 26 27 28 29
30 31