Stryker returns?

The Stryker for Smith & Nephew rumour has returned roughly a year after Bloomberg was putting it about the market.

This time, though, the tale is being aired by The Street / Thestreetinsider.com (see below).

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.