Stryker Announces Definitive Agreement to Acquire Patient Safety Technologies for $120 Million; $2.22 per Share

By: Benzinga
Stryker Corporation (NYSE: SYK ) announced today a definitive agreement to acquire Patient Safety Technologies, Inc. (PSTX) for $2.22 per share, with an aggregate purchase price of $120 million. Patient Safety Technologies conducts its business through its wholly owned subsidiary, SurgiCount Medical, Inc. The company's proprietary Safety-Sponge® System and SurgiCount 360(TM) compliance software help
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