Medical device maker Smith & Nephew (SN.) Chief Executive Olivier Bohuon expects the consolidation process in his industry to continue given that companies need to adjust their cost base. As for him, he does not waste time thinking about such possible tie-ups as such a decision is a matter for the Board to decide, not him. However, he is critical of such defensive transactions as a good deal must always have a strategy component. "If it's just for money, I'm not sure this is great", Bouhon said, according to the Daily Telegraph.
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