Stryker to buy Patient Safety Technologies for $120 million
(Reuters) - Stryker Corp (SYK.N) said it would buy Patient Safety Technologies Inc (PSTX.PK) 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.
(Reporting by Vrinda Manocha in Bangalore; Editing by Kirti Pandey)
PORCIA, Italy - The boxy white and grey factory of this rainy northern town makes fewer than half the washing machines it did when Italy joined the euro. It is one of the many symbols of Southern Europe's industrial decline.
- U.S. small businesses borrowed more money in January than they did a year earlier, signaling continued growth in the economy despite a spate of cold weather that has been blamed for weakness in many other indicators of activity.
BEIJING/HONG KONG - China reiterated its opposition on Thursday to a European Union plan to limit airline carbon dioxide emissions and called for talks to resolve the issue a day after its major airlines refused to pay any carbon costs under the new law.