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Stock Market & Financial Investment News

News Breaks
March 22, 2014
18:48 EDTPSTX, SYKPatient Safety Technologies shareholders approve merger with Stryker
Patient Safety Technologies (PSTX) announced that PST stockholders voted at a special meeting of stockholders to approve the adoption of the Agreement and Plan of Merger providing for the merger of PST with and into a wholly owned subsidiary of Stryker (SYK). Based on a tabulation of the stockholder vote, approximately 99% of all votes cast, which represents approximately 80% of all outstanding shares on February 24, 2014, the record date for the special meeting, were voted in favor of the merger. PST stockholders also approved the proposal to approve, on an advisory basis, specified compensation payable to the company's named executive officers in connection with the merger. Under the terms of the Merger Agreement, at the closing of the merger PST stockholders will receive: (i) $2.22 in cash per share of common stock of the Company, (ii) $100.00 in cash per share of Series A Convertible Preferred Stock of the Company and (iii) $296.00 in cash per share of Series B Convertible Preferred Stock of the Company. The parties anticipate that the transaction will close on March 24.
News For SYK;PSTX From The Last 14 Days
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July 23, 2015
16:12 EDTSYKStryker sees FY15 constant currency sales growth 6.5%-7.5%, consensus $9.93B
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16:12 EDTSYKStryker sees Q3 adjusted EPS $1.20-$1.25, consensus $1.20
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16:10 EDTSYKStryker raises FY15 adjusted EPS view to $5.06-$5.12 from $4.95-$5.10
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16:08 EDTSYKStryker reports Q2 adjusted EPS $1.20, consensus $1.17
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15:04 EDTSYKNotable companies reporting after market close
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July 22, 2015
16:22 EDTSYKSynergetics completes early renewal of Stryker supply agreement
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July 20, 2015
08:04 EDTSYKStryker announces definitive agreement tyo acquire Muka Metal
Stryker announced a definitive agreement to acquire Muka Metal, A.S. in an all cash transaction. Muka, headquartered in Kayseri, Turkey, sells hospital beds, stretchers and related patient room furniture and accessories that serve markets across Turkey and other regions globally. Upon closing, the transaction is expected to be neutral to Stryker's FY15 EPS excluding acquisition, integration-related and intangible amortization charges and accretive thereafter. The transaction is expected to close in Q3.

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