LONDON (Reuters) - U.S. orthopaedic implant maker Stryker Corp (N:SYK) said it did not intend to make an offer for Smith & Nephew (L:SN) after a report in the Financial Times about takeover talks sent shares in the British group surging.
"At the request of the UK Takeover Panel, Stryker confirms that it does not intend to make an offer for Smith & Nephew," it said on Wednesday.
(Reporting by Kate Holton; editing by Sarah Young)