Wednesday 4th March 2015
I've bought a wodge of Smith & Nephew (SN/ LN) at 1140p/shr and an 1100 put.
Yesterday's move by Stryker (SYK US), in announcing a $2 billion extension to its authorised buy back scheme, seems to me to be a mere attempt to pour cold water over S&N's potential purchase price. And so I reckon that suggests a bid could be imminent. North of 1350p/shr would be satisfactory.
|Smith & Nephew share price|
|Stryker share price|
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