NEW YORK, Jan. 16, 2014 (GLOBE NEWSWIRE) -- Levi & Korsinsky notifies investors of Patient Safety Technologies, Inc. ("PSTX" or the "Company") (OTC:PSTX) of claims of breaches of fiduciary duty and other violations of state law against the board of directors of the Company in connection with the sale of the Company to Stryker Corporation (NYSE:SYK). A complaint was filed in California state court.
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 of 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 claims concern 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 email@example.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.
CONTACT: Levi & Korsinsky, LLP Joseph Levi, Esq. Eduard Korsinsky, Esq. 30 Broad Street - 24th Floor New York, NY 10004 Tel: (212) 363-7500 Toll Free: (877) 363-5972 Fax: (866) 367-6510 www.zlk.comSource:Levi & Korsinsky, LLP