Last January, the company experienced a similar boost when speculation of a takeover ran rampant. However, Smith & Nephew executives maintained the rumors were false. Instead, Johnson & Johnson took over Synthes, a Swiss device company.
Other large orthopedic device companies, such as Biomet, have been considered possible suitors for Smith & Nephew as well.
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After new rumors ensued about the possible Johnson & Johnson takeover of Smith & Nephew, the latter company's stock prices soared and it became the top riser in the FTSE 100 this past Wednesday, according to a Wall Street Journal report.
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