Will Stryker bid on Smith & Nephew this week? (MassDevice)
Speculation mounts again about a possible Stryker offer for Smith & Nephew now that a 6-month no-bid period has ended.
Stryker (NYSE:SYK) is free to make an offer for Smith & Nephew(FTSE:SN, NYSE:SNN) after a 6-month no-bid period elapsed last week, fueling speculation that the U.S orthopedics giant will move on its British rival.
Under British law Stryker was barred from bidding on Smith & Nephew after demurring in May.
Rumors of a potential Stryker-Smith & Nephew union sent the British firm's shares up that month,...
