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US/UK: Insiders say Stryker deal has tax motives

By  |  November 30, 2014

US medical equipment manufacturer Stryker is reportedly eyeing a $16 billion acquisition of UK-based peer Smith & Nephew, a deal experts say would offer Stryker significant tax benefits.

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    Unnamed sources told reporters that the buyout would serve as an inversion merger for Stryker, allowing the company to relocate its tax bracket to the UK. Stryker has not commented on the claims, and reports say the company has other motives for the deal.

    While an offer has not yet been made, reports say Smith & Nephew are aware of Stryker’s interest in an acquisition.

    Reports of a deal between the two firms were shot down earlier this year.

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