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Stock Market & Financial Investment News

News Breaks
December 12, 2012
18:06 EDTNDZNordion announces postponement of Q412 results, cites credit facility amendment
Nordion announced it is postponing the release of its Q4 and FY12 financial results and conference call scheduled for December 18 and 19, respectively. Nordion has initiated discussions to amend the terms of the company’s credit facility. The discussions are in relation to the potential impact of expected accruals associated with ongoing litigation matters and the treatment of certain non-cash items. In combination, these items may impact certain terms and conditions of Nordion’s credit facility. Nordion had entered into its $75M three-year credit facility in June 2011. The credit facility has been used primarily to fund letters of credit associated with the company’s pension plan and regulatory decommissioning obligations.
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July 11, 2014
08:07 EDTNDZNordion announces termination of HSR waiting period for Sterigenics acquisition
Nordion announced that on July 10, the Federal Trade Commission terminated the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended with respect to Sterigenics’ proposed acquisition of Nordion and the Canadian Competition Bureau issued a no-action letter pursuant to the Competition Act. The receipt of a no-action letter confirms that the Commissioner of Competition does not intend to challenge the proposed acquisition. The termination of the HSR Act waiting period and the receipt of a no-action letter pursuant to the Competition Act satisfy closing conditions of the proposed acquisition. The transaction remains subject to certain closing conditions, including approval under the Investment Canada Act, and is expected to close in 2H14.

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