Nordion shareholders back $805 mln takeover by GTCR's Sterigenics: Reuters

Shareholders of Canadian medical isotope supplier Nordion Inc voted on Friday to support a friendly US$805 million takeover offer by U.S.-based Sterigenics International, clearing a major hurdle facing the deal, Reuters reported. More than 76 percent of votes cast by shareholders backed the offer. Sterigenics, a sterilization services provider owned by U.S. private equity firm GTCR LLC, has twice raised its buyout offer for Nordion from its original US$727 million bid in reaction to an unnamed third party's interest in buying the company.

6 June 2014•2 mins read
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