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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)

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29 May 2015 09:23

UPDATE 2-Synergy Health, Steris to contest US FTC decision to block deal

(Adds background, updates shares) May 29 (Reuters) - Sterilisation services provider Synergy Health Plc and U.S. medical tech company Steris Corp said they would contest the U.S. Federal Trade Commission's attempt to block Steris's acquisition of the British company. The companies sa

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29 May 2015 08:07

Synergy Healthcare to contest FTC decision over Steris deal

As has been feared, Synergy Health's takeover by US rival Steris Corp has been blocked by US competition regulators, but the two companies announced on Friday that they will contest the ruling and some analysts remained surprised by the regulator's stance. On 27 May, the FTC said it intended to oppo

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29 May 2015 07:38

BUZZ-Synergy, Steris: to contest US FTC decision to block deal

** Health outsourcer Synergy Health, which is in the process of being acquired by US medical tech company Steris , down c.1 pct, adding to 16 pct drop over past 3 days & 2nd-top FTSE 250 loser in robust volume ** Synergy says the two cos will contest the US Federal Trade Commission's attemp

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29 May 2015 06:44

Synergy Health, Steris to contest US FTC decision to block deal

May 29 (Reuters) - British sterilisation services provider Synergy Health Plc, which is in the process of being acquired by U.S. medical tech company Steris Corp, said the two companies would contest the U.S. Federal Trade Commission's attempt to block the proposed deal. "We are very disapp

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29 May 2015 06:32

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UK stocks were subdued on Thursday, following weak economic data and continued investor uncertainty on Greek developments. Sector-wise, strong performances from technology and retail was outweighed by weakness in telecommunications and mining. As of 15:00 BST, the FTSE 250 was trading 0.012% lower a

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