Stryker could be prepared to offer GBP 14.50 to GBP 15 per share for Smith & Nephew –
Stryker Corporation (NYSE: SYK), a Kalamazoo-Michigan-based medical devices supplier, could be prepared to offer between 1450p and 1500p per share for FTSE-100 rival Smith & Nephew, The Times reported. The newspaper’s market report section did not cite a source for the renewed speculation.
Smith & Nephew’s share price closed 16p up at 1191p in London yesterday, giving the company a market capitalisation of GBP 10.64bn (EUR 14.29bn).
Source The Times