Nordion, Inc. (NDZ) Posts Mixed Q2 Results

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Go back to Nordion, Inc. (NDZ) Posts Mixed Q2 Results

Nordion, Inc. (NDZ) Announces Increased Consideration from Sterigenics to $13/Share

June 2, 2014 9:58 AM EDT

Nordion, Inc. (NYSE: NDZ) announced that it has entered into a second amendment (the Second Amendment) to the previously announced definitive agreement with Sterigenics (as amended, the Arrangement Agreement) providing that, among other things, shareholders of Nordion will now be entitled to a cash consideration of US$13.00 per share (the Increased Consideration) upon closing of the proposed acquisition by Sterigenics of all the issued and outstanding common shares of Nordion (the Arrangement).

Although a clear majority of Nordion shareholders supported Sterigenics all-cash acquisition proposal at US$12.25 per share, there did not appear to be sufficient shareholder... More