Stryker will not buy Smith & Nephew for at least 6 months

By

Stryker denies planning Smith & Nephew bid (press release)
Video of Kevin Lobo interview with Fox
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....

Get access to full posts newsletters, trends, and market reports for only subscribe for $1/day.
Hit the SUBSCRIBE button at the top of the homepage.