Smith+Nephew cuts outlook, confirms failed merger talks with J&J's orthopaedics unit
SNN•Smith+Nephew cut its full-year revenue and profit forecast and confirmed it approached Johnson & Johnson earlier this year about a potential merger with its orthopaedics arm; the talks have ended.
1. Outlook and talks
Smith+Nephew cut its full-year revenue and profit forecast on Wednesday and confirmed it approached Johnson & Johnson earlier this year about a potential merger with the U.S. company's orthopaedics arm. The conversations have ended.
