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  • Reuters3 years ago

    Nordion shareholders support $805 mln takeover by Sterigenics

    Shareholders of Canadian medical isotope supplier Nordion Inc voted on Friday to support a friendly $805 million friendly takeover bid from U.S. based Sterigenics International, clearing one of the major ...

  • Reuters3 years ago

    Nordion delays meeting to seek more backing for takeover

    Canadian medical isotope supplier Nordion Inc said it would delay the shareholders meeting that had been scheduled for Tuesday by a week to give it time to try to get more support for a $758 million takeover offer by U.S.-based Sterigenics International. As of the May 23 proxy voting deadline, 64.8 percent of shares voted were in favor of the deal, falling short of the required 66-2/3 percent support, Nordion said in a release. Sterigenics, a sterilization services provider owned by private equity firm GTCR LLC, raised its buyout offer for Nordion to $758 million earlier in May from $727 million after Nordion received a rival bid from an unnamed buyer. Sterigenics has refused to raise its offer further, Nordion said.

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