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Smith & Nephew merger talks with J&J orthopaedics unit collapse over CEO role, FT reports

By Reuters News

Oct 23 (Reuters) - A deal to combine Johnson & Johnson’s JNJ.N orthopaedics business with Smith & Nephew SN.L to create a $34 billion transatlantic medical technology company unravelled after the London-listed group refused to agree to its former CEO leading the merged business, the Financial Times reported on Friday.

Reuters could not immediately verify the report.

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