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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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30 Oct 2015 10:55

Synergy Health Says STERIS Deal Will Enhance Prospects In Last Results

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23 Oct 2015 15:14

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13 Oct 2015 15:23

Dividends Calendar - Week Ahead

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7 Oct 2015 16:25

U.S. formally ends fight with Steris over Synergy merger

By Diane Bartz WASHINGTON, Oct 7 (Reuters) - U.S. antitrust enforcers on Wednesday formally dropped opposition to U.S. medical technology firm Steris Corp's plan to merge with British sterilization services provider Synergy Health Plc. The Federal Trade Commission issued a brief order

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2 Oct 2015 14:39

FTSE 250 movers: Paragon surges on acquisition; DS Smith drops on downgrade

(ShareCast News) - London's FTSE 250 was down 0.3% to 16,713.91 as markets nudged lower following the release of weaker-than-expected US non-farm payrolls. Paragon Group of Companies put in a stellar performance after announcing the acquisition of Five Arrows Leasing Group through its subsidiary Par

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2 Oct 2015 07:47

BUZZ-Synergy Health: Gets U.S. antitrust go-ahead for Steris deal

** Sterlization services provider Synergy Health's shares up 6 pct after U.S. antitrust enforcers give up on co's proposed merger with Steris ** The FTC says it will not appeal a district court ruling that refused to block the $1.9 billion deal ** Steris and Synergy shareholders will

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1 Oct 2015 20:16

UPDATE 1-U.S. says it will not fight Steris loss in district court

(Adds share price, background on court fight, quote from agency) WASHINGTON, Oct 1 (Reuters) - U.S. antitrust enforcers will not appeal a court ruling that said U.S. medical technology provider Steris Corp could proceed with a merger with British sterilization services provider Synergy Heal

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1 Oct 2015 19:40

U.S. says it will not fight Steris loss in district court

WASHINGTON, Oct 1 (Reuters) - U.S. antitrust enforcers will not appeal a court ruling which said U.S. medical technology provider Steris Corp could proceed with a merger with British sterilization services provider Synergy Health Plc , a Federal Trade Commission spokesman said on Thursday.

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1 Oct 2015 15:14

Dividends Calendar - Week Ahead

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25 Sep 2015 16:18

FTSE 250 movers: Healthy rise for Synergy Health, Aggreko powers down

(ShareCast News) - The FTSE 250 was up 287.23 points or 1.74% to 16,801.76, rising sharply on Friday morning on the back of Janet Yellen's comments overnight. Synergy Health shares skyrocketed on the news that a federal court in Ohio has ruled against the Federal Trade Commission's request for a pre

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25 Sep 2015 16:09

LONDON MARKET CLOSE: Stocks Rally As Yellen Comments Soothe Market

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25 Sep 2015 15:00

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25 Sep 2015 11:07

LONDON MARKET MIDDAY: Broad Gains In UK, Europe As Auto Stocks Rebound

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25 Sep 2015 09:35

WINNERS & LOSERS SUMMARY: ARM Shares Boosted By Record iPhone Sales

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25 Sep 2015 07:35

LONDON MARKET OPEN: Synergy Health Leaps As US Court Clears Takeover

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