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BUZZ-Steris Corp: Synergy Health PLC acquisition still on track

Thu, 24th Sep 2015 19:21

** Steris up more than 6.6 pct at $67.07 after afederal court denies FTC request to block co's $1.9 blnacquisition of British sterilization services provider SynergyHealth PLC

** Medical technology provider's shares having their bestday since May 2014, pop back above their 50-day and 200-daymoving averages for first time since Aug swoon

** FTC filed a lawsuit in May aimed at halting the deal,arguing tie-up would hurt customers of the two co's byeliminating competition

** Court judge says FTC failed to show "by a preponderanceof evidence" that it was likely to succeed on the merits of thecase

** Steris and Synergy shareholder votes on transaction setfor Oct 2 and deadline to complete deal recently extended to Dec31

** Cleveland-based Steris looks to reincorporate combinedentity in Britain. So called "inversion deals" can allow USfirms to get lower overseas tax treatment

** Synergy Health's stock closed before today's announcementat $1,580p/share, up about 1 pct

(RM: lance.tupper.thomsonreuters.com@reuters.net)

More News
25 Sep 2015 07:25

Synergy Health rockets as US court thwarts FTC's attempt to block Steris deal

(ShareCast News) - Shares in Synergy Health rocketed on Friday after it announced that a federal court in Ohio has ruled against the Federal Trade Commission's request for a preliminary injunction to block Steris' $1.9bn acquisition of the group. "We are pleased that the Court has agreed with our po

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25 Sep 2015 06:22

STERIS To Proceed With Synergy Acquisition After Positive Court Ruling

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24 Sep 2015 18:39

UPDATE 2-U.S. court denies FTC request to stop Steris-Synergy merger

(Adds comment from Steris, details on ruling, updates share price) By Diane Bartz WASHINGTON, Sept 24 (Reuters) - A federal court in Ohio refused on Thursday to stop a $1.9 billion purchase by U.S. medical technology provider Steris Corp of British sterilization services provider Syne

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24 Sep 2015 16:54

Court denies U.S. request to stop merger of Steris, Synergy Health

WASHINGTON, Sept 24 (Reuters) - A federal court in Ohio refused on Thursday to stop a $1.9 billion merger of medical technology provider Steris Corp and British sterilization services provider Synergy Health Plc, despite the objections of U.S. antitrust enforcers. The Federal Trade Commissi

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21 Sep 2015 13:50

Synergy Health says no decision yet on US FTC Steris block

(ShareCast News) - Synergy Health said no decision has been made yet on the US Federal Trade Commission's attempt to block the company's takeover by Steris Corp. Synergy is in the process of being taken over by Steris but in June, several key shareholder meetings were postponed by the company after

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21 Sep 2015 12:35

Synergy Health Says No Decision On US Attempt To Block STERIS Deal

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4 Sep 2015 03:25

MEDIA-U.S. FTC accuses Synergy Health of "killing" U.S. expansion plan-Times

-- Source link: (http://thetim.es/1NQb9xV) -- Note: Reuters has not verified this story and does not vouch for its accuracy

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27 Aug 2015 08:57

Synergy says it is on track with first quarter revenues up

(ShareCast News) - Health services firm Synergy said first quarter revenue was up by 9% in a trading announcement on Thursday. Reported revenue for the first quarter increased to £104.2m from £95.6m in the first quarter of 2014, in line with expectations, the company said. Underlying revenue, exclu

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27 Aug 2015 07:12

LONDON BRIEFING: CRH Leads Strong Open Following US And Asian Markets

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27 Aug 2015 06:51

Synergy Health Says Trading In Line As First Quarter Revenue Rises 9%

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