This deal feels so much like the product of recent events—most notably, Centerpulse AG 's struggles over the past nearly two years, first with an unhappy shareholder and then with a major product recall—that it's easy to forget that it could have happened at virtually any time over the past several years [See Deal].
Indeed, some industry executives believe that rather than opportunistically targeting a Centerpulse perceived to be down-and-out, Smith & Nephew PLC...
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