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Smith & Nephew (SNN) - Get Smith & Nephew PLC Sponsored ADR Report said early Thursday it has held preliminary talks with Biomet( BMET) over a possible trans-Atlantic merger of orthopedic device makers.

London-based Smith & Nephew emphasized in a press release that it "is constantly looking at opportunities to maximize shareholder value, including looking at potential strategic acquisitions."

Smith & Nephew shares fell 3% in London.

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