Rule 2.8 e
I have to admit I was a little bit surprised to see reports this week claiming America's Stryker Corporation is "discussing the financing" of a multi-billion pound acquisition of orthopaedics maker Smith & Nephew.
For readers that don't recall, the Financial Times revealed in May that Stryker was looking at buying London-listed Smith & Nephew. However, once the US-based company was outed, it did an about turn and restricted itself from making an offer for six months.
Here is the Stryker statement from May:
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