Smith & Nephew's (SNN) 5% Stake Acquired by Cevian Capital
SNNSmith & Nephew(SNN) ZACKS·2024-07-09 00:20

Smith & Nephew SNATS (SNN) is likely to witness operational improvements in the future as Cevian Capital, a Swedish investment firm, purchased a 5% stake in the company. Per the Securities and Exchange Commission disclosure, Cevian Capital now has 5% of voting rights attached to the shares. This purchase makes the investment firm the second-largest shareholder of Smith & Nephew.Cevian Capital is known to collaborate with the boards and management teams of companies where it buys equity to promote plans that ...