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Smith & Nephew PLC - Watford, England-based medical devices maker - S&N hires Merrill Lynch International to run the $250 million first tranche of the $500 million share buyback that it announced with first-quarter results on Wednesday. The tranche begins on Friday and will be completed by September 7. The shares bought back will be cancelled or held in treasury for employee share awards. On Wednesday, S&N said the buyback plan reflects ‘confidence in 2026 performance and strong balance sheet and free cash flow generation’, which it guided as $840 million this year. Current stock price: 1,110.00 pence for £9.48 billion market capitalisation 12-month change: up 3.9% Copyright 2026 Alliance News Ltd. All Rights Reserved.
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