Smith & Nephew-J&J Orthopaedics Merger Talks Collapse, FT Reports
The Financial Times reported that talks to combine Smith & Nephew with Johnson & Johnson’s orthopaedics division fell apart after Smith & Nephew rejected a proposal for its former CEO to lead the merged business.
Talks between Smith & Nephew and Johnson & Johnson to combine the London-listed company with the US group’s orthopaedics division collapsed after Smith & Nephew rejected the proposal that its former chief executive lead the merged business, the Financial Times reported Friday, citing people familiar with the matter.