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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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August 25, 2015
07:32 EDTSYKStryker margins poised to increase, says Stifel
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August 21, 2015
09:01 EDTSYKLeerink medical devices analyst holds an analyst/industry conference call
Medical Device Analyst Newitter, along with MEDACorp Specialists Dorance Dillon and Terence Farrell, discuss the Centers for Medicare & Medicaid Services' recently proposed "Comprehensive Care For Joint Replacement Payment Model" and how this model might influence ortho pricing and hospital-vendor relationships on an Analyst/Industry conference call to be held on August 24 at 1 pm.

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