Stryker denies planning Smith & Nephew bid (press release)
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U.S. medical devices manufacturer Stryker Corp SYK.N has denied any intention of making a bid for UK rival Smith & Nephew Plc SN.L, whose shares had spiked higher after a report that Stryker was planning a bid.
"At the request of the UK Takeover Panel, Stryker confirms that it does not intend to make an offer for Smith & Nephew," Stryker said in a statement on Wednesday, referring to the regulatory body in charge of takeovers in Britain.
Smith & Nephew shares had earlier jumped 17....
