Andrada Mining acquisition elevates the miner to emerging mid-tier status. Watch the video here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksSYR.L Share News (SYR)

  • There is currently no data for SYR

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

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.
More News
28 May 2015 11:44

London midday: Stocks shrug off weak UK data as Greek newsflow continues

Stocks erased losses to push into positive territory by Thursday lunchtime despite some disappointing UK economic data, as investors continued to focus on newsflow from Greece. The FTSE 100 was up 0.18% at 7,045.78 by midday, having bounced off an earlier low of 7,005.88. Markets seemingly shrugged

Read more
28 May 2015 08:40

London open: Markets retreat on Greek uncertainty

Stocks opened in the red on Thursday as investors took profits following a surge the day before, with renewed uncertainty in Greece hitting sentiment. The FTSE 100 was down 0.22% at 7,017.70 early on. Reports of a imminent Greek debt deal hitting the wires spurred buying on Wednesday, sending the i

Read more
28 May 2015 05:13

Earnings, Trading Statements Calendar - Week Ahead

Read more
27 May 2015 15:55

LONDON MARKET CLOSE: Stocks End Higher On Optimism Over Greek Deal

Read more
27 May 2015 15:08

Earnings, Trading Statements Calendar - Week Ahead

Read more
27 May 2015 12:34

FTSE 250 movers: Synergy Health plunges on Steris takeover speculation, energy stocks lower

UK stocks rebounded from the previous session's sell-off as gains made by tobacco, electronics and utilities outweighed weakness in mining and industrial metals. As of 14:00, the FTSE 250 was trading points 101.1 points higher at 18,200. Synergy Health topped the fallers, plummeting almost 17% on r

Read more
27 May 2015 11:39

London midday: Imperial and CRH lead the rebound before Queen's Speech

Investors managed to take advantage of a quiet morning to push UK stocks higher on Wednesday following a sell-off the previous day. The FTSE 100 was up 0.57% at 6,988.37 by midday, with blue chips Imperial Tobacco and CRH leading the rise, along with a host of other construction and building materia

Read more
27 May 2015 09:34

BUZZ-Synergy Health: worst day in 6.5 yrs on Steris deal fears

** Health outsourcer Synergy Health dives c.18 pct, its biggest one-day drop since Oct 2008 in heavy volume amid jitters over Steris Corp's proposed takeover of co ** Steris, based near Cleveland, buying out UK's Synergy Health, with combined co to be managed from Ohio - among latest attemp

Read more
27 May 2015 09:20

London open: Stocks edge higher ahead of Queen's Speech, Imperial rises

UK stocks rebounded slightly on Wednesday morning after a sharp sell-off the previous session, with investors awaiting the Queen's Speech on a quiet day in terms of economic and corporate news. The FTSE 100 was up 0.32% at 6,971.03 early on after dropping 1.18% on Tuesday to 6,948.99. Consumer conf

Read more
27 May 2015 08:58

Synergy Health falls on speculation FTC to block tie-up with Steris

Shares in Synergy Health were registering sharp losses on speculation US authorities were about to block its proposed takeover by New York-listed rival Steris. That came ahead of a US Federal Trade Commission hearing scheduled for later in the day. Although the hearing was non-public, a report s

Read more
27 May 2015 05:13

Earnings, Trading Statements Calendar - Week Ahead

Read more
26 May 2015 15:10

Earnings, Trading Statements Calendar - Week Ahead

Read more
30 Apr 2015 07:22

LONDON MORNING BRIEFING: Zoopla Moves Into Comparison Websites

Read more
30 Apr 2015 07:03

Synergy Health Says STERIS Takeover May Be Delayed By US Antitrust

Read more
16 Mar 2015 14:11

FTSE 250 movers: Afren lower on debt-for-equity swap, retailers and health stocks higher

Afren's share price was extending Friday's losses when the company proposed a debt-for-equity swap with lenders to keep it afloat. The deal will lead to a substantial dilution of shareholders' interests. More broadly, oil stocks tumbled on declining Brent crude prices, with Premier Oil and Nostrum O

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.