Did we just get bought?

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We Just bought Arthrocare...... that's why the stock is up!
well.... tomorrow is the official closing day.

Actually the whole biomedical / medical field of stocks were up today, not just S&N and SYK.
 
























The stock went up 16% at one point and Stryker went up as well. Rumors bro and someone made a bunch of money. Then Stryker came out with a statement denying that there was any plans to buy S&N...so the stock went down to normal levels. Was hoping that Stryker was going to buy them up and fire a bunch of these unqualified DOS's!
 
















Thanks!

28 May, 2014 STRYKER CORP NYSE: SYK-US

Stryker Corporation ("Stryker") notes the recent speculation regarding a potential transaction involving Smith & Nephew plc ("Smith & Nephew") and recent movement in the share price of Smith & Nephew.

At the request of the UK Takeover Panel, Stryker confirms that it does not intend to make an offer for Smith & Nephew. Accordingly, Stryker is bound by the restrictions under Rule 2.8 of the UK Takeover Code (the "Code").

For the purposes of Rule 2.8 of the Code, Stryker reserves the right to announce or participate in an offer or possible offer for Smith & Nephew and/or to take any other action which would otherwise be restricted under Rule 2.8 of the Code within 6 months after the date of this announcement in the circumstances described in note 2 to Rule 2.8 of the Code.
 
























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