Patient Safety Technologies in Acquisition by Stryker Corporation

Cleary Gottlieb is representing Bank of America Merrill Lynch, as financial advisor to Patient Safety Technologies, Inc., in connection with PST’s agreement to be acquired by Stryker Corporation for approximately $120 million in cash. The transaction was announced on December 31, is subject to PST shareholder and regulatory approvals, and is expected to close in the first quarter of 2014.