SUBSCRIBE TO TMCnet
TMCnet - World's Largest Communications and Technology Community

TMCNet:  INVESTOR ALERT: Levi & Korsinsky, LLP Announces Investigation of Patient Safety Technologies, Inc. and Its Board of Directors in Relation to the Sale of the Company to Stryker Corporation

[January 03, 2014]

INVESTOR ALERT: Levi & Korsinsky, LLP Announces Investigation of Patient Safety Technologies, Inc. and Its Board of Directors in Relation to the Sale of the Company to Stryker Corporation

NEW YORK --(Business Wire)--

Levi & Korsinsky is investigating the Board of Directors of Patient Safety Technologies, Inc. ("PSTX" or the "Company") (OTC:PSTX) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to Stryker Corporation (NYSE:SYK).

Click here to learn more about the action http://zlk.9nl.com/patient-safety-technologies-pstx, or call: 877-363-5972. There is no cost or obligation to you.

Under the terms f transaction, PSTX shareholders will receive $2.22 in cash for each share of PSTX stock they own, with an aggregate purchase price of $120 million. The investigation concerns whether the PSTX Board of Directors breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into this transaction, and whether Stryker Corporation is underpaying for PSTX shares.


If you own PSTX common stock and wish to obtain additional information, please contact Joseph E. Levi, Esq. either via email at jlevi@zlk.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://zlk.9nl.com/patient-safety-technologies-pstx.

Levi & Korsinsky is a national firm with offices in New York, New Jersey, Connecticut and Washington D.C. The firm's 26 attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.


[ Back To Technology News's Homepage ]

OTHER NEWS PROVIDERS







Technology Marketing Corporation

800 Connecticut Ave, 1st Floor East, Norwalk, CT 06854 USA
Ph: 800-243-6002, 203-852-6800
Fx: 203-866-3326

General comments: tmc@tmcnet.com.
Comments about this site: webmaster@tmcnet.com.

STAY CURRENT YOUR WAY

© 2014 Technology Marketing Corporation. All rights reserved.