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Stock Market & Financial Investment News

News Breaks
December 21, 2012
07:39 EDTSTESteris initiated with a Market Perform at Raymond James
News For STE From The Last 14 Days
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September 2, 2015
14:35 EDTSTEFTC appears to have strong case against Steris-Synergy merger, CTFN says
Attorneys for Steris have submitted final arguments in support of the company's proposed merger with Synergy Health, saying the decision to cancel Synergy's X-ray sterilization products were due to poor financial projections rather than efforts to reduce competition with Steris' own technology, reports CTFN. Despite Synergy championing its use of X-ray technology to sterilize medical devices, the company quickly terminated that project after being targeted for merger by Steris, which produces a competing gamma irradiation sterilization technology, said the report. Meanwhile, the FTC alleges that the company is likely to have introduced the competing technology if it weren't for the merger, and the report notes that Steris looks to be facing "steep odds" of convincing them -- and the federal judge presiding over the merger case -- otherwise. Reference Link

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