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SYK - Stryker/Wright Medical tie-up to face antitrust issues - analysts
Stryker Corporation
In a note, Needham's Mike Matson (Buy) says Stryker's (NYSE:SYK) planned acquisition of Wright Medical Group (NASDAQ:WMGI) will encounter antitrust issues in the U.S., specifically in foot and ankle, adding that most sell-side analysts considered Smith & Nephew the most likely suitor considering the lack of regulatory headwinds and operations in Wright's home city of Memphis.
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