Smith & Nephew plc SNN Shares have spiked up almost 13 percent in Wednesday's pre-market session following a Tweet by The Financial Times Ed Hammond. The Tweet is indicating that Stryker Corporation SYK may be preparing a bid to acquire Smith & Nephew.
Market News and Data brought to you by Benzinga APIsScoop: Stryker preparing bid for Smith & Nephew - story to come
— ed hammond (@EdHammondNY) May 28, 2014
Styker shares are also getting a bump of over 6 percent in today's pre-market in reaction to this news and are currently trading around the $85.50 mark. Additionally, Shares of Smith & Nephew are currently trading near the $89 mark after reaching a high of $93.24.© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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