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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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December 19, 2014
13:34 EDTSYKStryker shares look inexpensive, should continue to rise, Barron's says
Despite rising more than 30% over the past year, shares of Stryker still have plenty of upside potential, Barron's reports. The company sports industry-leading organic sales, a strong balance sheet, and is trading at a discount to the broader medical device industry, all of which should push shares higher, Barron's adds. Reference Link
December 8, 2014
12:42 EDTSYKStryker resolves government investigation of OtisMed matter
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