Bull & Lifshitz, LLP announces an investigation into possible breaches of fiduciary duty in connection with the proposed acquisition of Osteotech, Inc. (NASDAQ: OSTE) (referred to as "Osteotech" or the “Company”) by Medtronic Inc. (referred to as “Medtronic”) in a cash transaction valued at approximately $123 million.

Pursuant to the Merger Agreement, and upon the terms and subject to the conditions thereof, Medtronic will acquire Osteotech for $6.50 per share in cash for each share of Osteotech common stock.

Bull & Lifshitz, LLP's investigation is focused on whether the proposed deal provides adequate value to the Company’s shareholders.

If you are a holder of Osteotech stock and want to discuss your legal rights, you may e-mail or call Bull & Lifshitz, LLP who will, without obligation or cost to you, attempt to answer your questions.

If you are a shareholder of Osteotech and would like more information about our investigation, please contact Joshua M. Lifshitz, Esq. by telephone at (866) 313-6222 or by sending an e-mail including your contact information to: counsel@nyclasslaw.com. All e-mail correspondence should make reference to Osteotech.

Bull & Lifshitz, LLP is a New York City-based law firm with significant experience representing investors in merger-related shareholder class actions, shareholder derivative actions, and securities fraud class actions. For more information about the firm, please visit our website at www.nyclasslaw.com.

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