29 May 2015 11:08
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Don't have an account? Click here to register.Synergy Health rockets as US court thwarts FTC's attempt to block Steris deal
Fri, 25th Sep 2015 07:25
(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 position and we will be working to close the transaction with Steris Corporation as quickly as possible," said chief executive officer Dr Richard Steeves."We believe that this is a strategically sensible deal that is beneficial to our customers, employees and our shareholders, creating new opportunities for growth with our combined strengths".In May, the Federal Trade Commission filed a lawsuit to stop the deal, saying it would both companies' customers by reducing competition between them based on innovative sterilisation techniques. "There is really very little conditionality left now - all that needs to be done to close this deal is the approvals of both sets of shareholders, who vote on Friday 2 October," said Olivetree Securities. "Expect to see Synergy trading as if this is realistically a done deal now," it added.At 0857 BST, Synergy shares were up 44% at 2,265p.
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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
Read more29 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
Read more29 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
Read more29 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
Read more29 May 2015 05:17
28 May 2015 16:27
28 May 2015 13:10
FTSE 250 movers: Paypoint surges on strong profits, Synergy Health hit by waning takeover speculation
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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