El­liott ‘build­ing a stake in Smith & Nephew’

The Daily Telegraph - Business - - Business -

Ac­tivist in­vestor El­liott Ad­vi­sors has built a stake in ar­ti­fi­cial hip and knee spe­cial­ist Smith & Nephew, ac­cord­ing to Bloomberg. It was un­clear how large the stake was or what its motivation be­hind the move was. The news came a day after Smith & Nephew’s chief ex­ec­u­tive Olivier Bo­huon an­nounced he would re­tire next year.

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