BUZZ-Smith & Nephew: top FTSE loser as Stryker share buyback dents M&A hopes

** Smith & Nephew (LSE: SN.L - news) down nearly 5 pct and trading big volumes following Stryker plans to buyback $2 bln worth of shares

** Rumors that Stryker could bid soon for Smith & Nephew, frequently named as a possible takeover candidate, surfaced late last month

** Smith & Nephew shares top losers on the FTSE with about $100 mln traded on more than twice the daily average volume

** Meanwhile Smith & Nephew agreed to buy its distributor in Colombia following similar deals in Brazil, Turkey and India

(RM (LSE: RM.L - news) : vikram.subhedar.thomsonreuters.com@reuters.net)