M&A Is Our Top Priority for Cash, Stryker CEO Says

Jan 27 (Reuters) - The chief executive officer of U.S. medical device maker Stryker Corp, recently rumored to have been preparing a bid for British rival Smith & Nephew Plc , said on Tuesday that acquisitions are his top priority for spending cash, but he gave no hint that any sort of deal was imminent.

The timing of acquisitions is unpredictable, Stryker Chief Executive Officer Kevin Lobo said on the company's fourth-quarter earnings conference call.

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