Stryker Corp said it would purchase Patient Safety Technologies Inc for $120 million to gain access to Patient Safety's device to reduce the risk of surgical sponges being left in patients after surgery. The medical technology company will pay $2.22 per share for Patient Safety, which represents a 50 percent premium to the stock's closing price on Monday.
Stryker Corporation (Stryker) is a medical technology company. Shares of SYK remained unchanged at $75.02. In the past year, the shares have traded as low as $55.24 and as high as $75.55. On average, 1326280 shares of SYK exchange hands on a given day and today's volume is recorded at 0.
Source
