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Smith & Nephew Launches $250 Million Second Tranche of Share Buyback

MT Newswires·11/11/2026 03:39:08
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03:39 AM EST, 11/11/2026 (MT Newswires) -- Smith & Nephew (SN.L) started the second and final tranche of its share buyback program worth up to $250 million on Wednesday, according to a same-day filing. The London-listed medical technology company is looking to repurchase 68,250,000 shares under the final tranche, which will run until April 23, 2027. Shares repurchased under the scheme will be held in treasury, then either canceled or retained for share-based employee incentive programs. The company tapped Merrill Lynch International for the share purchases.