Benzinga's M&A Chatter for Tuesday December 31, 2013

The following are the M&A deals, rumors and chatter circulating on Wall Street for Tuesday December 31.

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Shares of The New York Times

were volatile for a second day on Tuesday, following Monday's chatter of a possible takeover deal being put together by Chinese businessman Chen Guangbiao. Chen told a

reporter that he had set up a meeting with Times representatives next week in New York, though spokesperson Eileen Murphy, said there was no information about such a meeting. On Monday, Murphy, in an email to

, reiterated comments by Chairman, Arthur Sulzberger, Jr that The New York Times is not for sale. The New York Times closed Tuesday at $15.87, a loss of more than 1%.

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Patient Safety Technologies

announced Tuesday, an agreement to be acquired by Stryker Corporation

for $2.22 per common share in cash, or $120 million. The deal is expected to close in Q1 2014. Patient Safety Technologies closed Tuesday at $2.20, a gain of 48%.