Smith & Nephew Retains Merrill Lynch to Execute $250 Million Buyback Tranche

06:55 AM EST, 11/11/2026 (MT Newswires) -- Smith & Nephew (SNN) has agreed to have Bank of America's (BAC) Merrill Lynch International serve as the purchaser of up to $250 million worth of its shares or up to 68.3 million shares in the second and final tranche of its buyback authorization, the company said Wednesday. The shares acquired by Merrill Lynch will be subsequently repurchased by Smith & Nephew and held in its treasury to either be cancelled or used for employee share plans, the company said. The second tranche commences immediately and will end no later than April 23, the company said.