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Stock Market & Financial Investment News

News Breaks
March 22, 2014
18:48 EDTSYK, PSTXPatient 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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September 17, 2014
15:19 EDTSYKStryker says targeting 60% of premium market in China by end of 2015
Says targeting 80% of premium market in China by 2020.
14:49 EDTSYKStryker says targeting dividend hike in line or above EPS growth
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14:39 EDTSYKStryker backs Q3 adjusted EPS $1.12-$1.16, consensus $1.14
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14:36 EDTSYKStryker says globalization remains a 'top priority'
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September 15, 2014
10:27 EDTSYKStryker to host analyst meeting with a conference call hook-up available
Analyst meeting to be held in Mahwah, NJ on September 17 at 2:30 pm. Webcast Link

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