LONDON (Alliance News) - Healthcare services company Synergy Health PLC on Monday said no decision has yet been made on the US Federal Trade Commission's attempt to block the compkany's takeover by STERIS Corp.
In June, a number of key shareholder meetings were postponed by the company after the US FTC said it intends to block STERIS's USD1.9 billion cash and shares takeover of Synergy due to concerns relating to competition in the market for contract radiation sterilisation services.
The pair are contesting the FTC's move and Synergy said that no decision has yet been made on the FTC's request.
It said, however, that it is taking steps to convene meetings in order to facilitate a timely closure of the deal should the FTC's attempt to block the takeover be dismissed.
Shares in Synergy Health were up 1.3% to 1,530.00 pence on Monday.
By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance
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