Sterigenics lifts bid for isotope maker Nordion to $805 million - Reuters

U.S.-based Sterigenics International has sweetened its takeover offer for Nordion Inc, the Canadian medical isotope producer, to US$805 million after a previous bid failed to attract enough shareholder support, Reuters reported. Nordion said the sweetened bid came after it received another unsolicited acquisition proposal from an unnamed third party. Last month, Sterigenics, a sterilization services provider owned by private equity firm GTCR LLC, raised its buyout offer to US$758 million from US$727 million. Nordion said its board has advised its shareholders to approve the latest Sterigenics offer.

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