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US: Sorin-Cyberonics merger receives antitrust approval

By  |  April 14, 2015

Sorin a global medical device company and a leader in the treatment of cardiovascular diseases, and Cyberonics, a medical device company with core expertise in neuromodulation, today announced that the required waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended, relating to their pending merger, has expired, thereby satisfying one of the conditions required to finalize the merger transaction.

The transaction, unanimously approved by the boards of directors of both companies, is currently expected to be completed by the end of the third calendar quarter of 2015. The transaction is subject to approval by both Sorin and Cyberonics shareholders, the receipt of required regulatory clearances, and other customary closing conditions.

 

Full Content: The Financial Times

 

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