|[January 03, 2014]
Patient Safety Technologies Board of Directors Under Investigation by Glancy Binkow & Goldberg LLP
LOS ANGELES --(Business Wire)--
Binkow & Goldberg LLP is investigating potential claims against
the Board of Directors of Patient Safety Technologies ("Patient Safety"
or the "Company") (OTC:PSTX) related to the proposed acquisition of the
Company by Stryker Corporation. The transaction is valued at
approximately $120 million, or $2.22 per share.
This investigation concerns whether the Board of Directors of Patient
Safety breached their fiduciary duties to stockholders by failing to
adequately shop the Company before agreeing to enter into the proposed
transaction, and whether the Company has disclosed all material
information to shareholders about the transaction.
If you are a shareholder of Patient Safety, if you have information or
would like to learn
more about our investigation, or if you wish to discuss these
matters or have any questions concerning this announcement or your
rights or interests with respect to these matters, please contact Louis
Boyarsky, Esquire, Glancy Binkow & Goldberg LLP, 1925 Century Park
East, Suite 2100, Los Angeles, CA (News - Alert) 90067, by telephone at 310-201-9150 or
Toll Free at 888-773-9224 or by email to firstname.lastname@example.org.
This press release may be considered Attorney Advertising in some
jurisdictions under the applicable law and ethical rules.
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