Nordion and Sterigenics International LLC have each received a request for additional information from the Federal Trade Commission under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended, in connection with the previously announced plan of arrangement providing for the proposed acquisition by Sterigenics of all the issued and outstanding common shares of Nordion. The Second Request extends the waiting period imposed by the HSR Act until 30 days after Nordion and Sterigenics have substantially complied with the Second Request, unless that period is extended voluntarily by the companies or terminated earlier by the FTC. Nordion and Sterigenics intend to work diligently with the FTC as it conducts its review of the proposed transaction and continue to expect the Arrangement to close in the second half of calendar 2014. The transaction remains subject to certain closing conditions, including regulatory approvals, such as under the Competition Act and the Investment Canada Act.
- Investment & Company Information
- Federal Trade Commission