30th Apr 2015 07:03
LONDON (Alliance News) - Synergy Health PLC said Thursday its takeover by STERIS Corp may be delayed due to the US antitrust process, and as a result both companies plan to further adjourn shareholder meetings to vote on the deal from May 12 to June 11.
The two companies said they have certified substantial compliance with the US Federal Trade Commission after it requested additional information, and have agreed not to complete the deal before June 2 unless the commission first closes its investigation.
"Both companies continue to strongly believe that the transaction is pro-competitive because it brings together geographically complementary businesses," said Chief Executive of Synergy Health Richard Steeves in a statement.
"We remain firmly committed to the completion of this transaction, and have been working diligently toward that end," said Chief Executive Officer of STERIS Walt Rosebrough in a statement.
By Hana Stewart-Smith; [email protected]; @HanaSSAllNews
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