Smith & Nephew Merger Talks Collapsed Over CEO Role
Merger talks between Smith and Nephew and Johnson and Johnson collapsed over a disagreement on leadership. The advanced discussions for a twenty two billion dollar orthopaedics deal failed after a dispute involving the CEO role.
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SMITH & NEPHEW PLC held advanced merger talks with JOHNSON & JOHNSON to combine orthopaedics units in a $22B deal before discussions collapsed. The British medical devices firm and the United States healthcare giant aligned on financial terms but split over management. The breakdown halts a major consolidation in the global joint-replacement market.
