Stryker Corp said it would purchase Patient Safety Technologies Inc for $120 million, adding to its portfolio a device that reduces the risk of surgical sponges being left in patients after surgery.The medical device maker said it would pay $2.22 per share for Patient Safety, a 50 percent premium to the stock's closing price on Monday.Patient Safety shares rose to $2.20 on Tuesday morning.The device, SurgiCount Safety-Sponge System, consists of a mobile computer that tracks bar-coded sponges used in surgeries.
Stryker Corporation (Stryker) is a medical technology company. Shares of SYK traded higher by 0.19% or $0.14/share to $75.16. 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 87880.
Tuesday Morning Corporation is a closeout retailer of upscale decorative home accessories, housewares, and famous-maker gifts in the United States. Shares of TUES traded higher by 0.86% or $0.14/share to $16.35. In the past year, the shares have traded as low as $6.26 and as high as $16.44. On average, 435083 shares of TUES exchange hands on a given day and today's volume is recorded at 7945.
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