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Medtronic Looking To Buy Smith & Nephew? Analysts Doubt It

Medtronic may be looking to buy the British orthopedics device company in part so that it can move its home to the UK for tax purposes, according to a report from Bloomberg. But Securities analysts report that the rumored deal probably does not make sense for Medtronic.

Medtronic PLC is considering a deal to acquire United Kingdom-based orthopedics maker Smith & Nephew PLC and moving its tax domicile overseas, known as inversion, according to a Bloomberg report.

The news service reported June 5 that “people familiar with the matter” told them “preparations for a bid are at an early stage and no offer is imminent.” Neither Smith...

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