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US: Longstop date on healthcare merger extended due to regulator

By  |  March 10, 2015

An antitrust inquiry has delayed Steris’ effort to buy Synergy Health for $1.9 billion.

The Federal Trade Commission issued a so-called “second request” seeking more information about the deal in January.

Because of the inquiry, it will be at least another two months before Steris shareholders vote on whether the Mentor-based medical sterilization company should close what would be the biggest deal in the company’s history.

Steris and Synergy, a British company that provides sterilization services, originally aimed to close the deal in March, but now they’re aiming for June.

 

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