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Federal Trade Commission v. Steris Corporation et al
Case Number:
1:15-cv-01080
Court:
Nature of Suit:
Judge:
Firms
Companies
Government Agencies
Sectors & Industries:
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October 01, 2015
FTC Ending Court Bid To Block $1.9B Steris-Synergy Deal
The Federal Trade Commission said Thursday that it wouldn't challenge an Ohio federal judge's recent decision to allow Steris Corp. to proceed with its $1.9 billion acquisition of Synergy Health PLC.
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September 24, 2015
FTC Loses Bid To Block $1.9B Steris-Synergy Deal
An Ohio federal judge refused on Thursday to preliminarily block Steris Corp.'s $1.9 billion acquisition of Synergy Health PLC, concluding that the Federal Trade Commission didn't have evidence that U.K.-based Synergy likely would have launched new competing sterilization technology in the U.S. without the merger.
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September 04, 2015
FTC Says It Has Evidence To Block $2B Steris-Synergy Deal
The Federal Trade Commission told an Ohio court on Friday that it had enough "real-time" evidence showing that Synergy Health PLC was getting ready to upend the U.S. sterilization market with new technology before Steris Corp. made a $1.9 billion offer for its rival to block the transaction.
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August 19, 2015
Steris Judge Won't Question FTC's Future-Competition Theory
An Ohio federal judge said Wednesday he would accept the future-competition theory the Federal Trade Commission is using to challenge Steris Corp.'s $1.9 billion acquisition of Synergy Health PLC, telling both sides at the close of a preliminary injunction hearing to focus only on the facts of whether the U.K. company was likely to launch new sterilization technology in the U.S.
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August 18, 2015
Synergy Exec Says Nixed Launch 'Disaster' Not Tied To Merger
Synergy Health PLC officials testified at a preliminary injunction hearing Tuesday that their inability to line up customers and bring down costs is what killed plans to bring a new medical sterilization technology to the U.S., not the company's $1.9 billion proposed merger with Steris Corp., despite the Federal Trade Commission's claim to the contrary.
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August 17, 2015
FTC Tells Court $1.9B Steris Deal Will Curb New Competition
The Federal Trade Commission told a Cleveland federal judge Monday that Steris Corp.'s $1.9 billion bid for Synergy Health PLC would prevent a "transformative" new sterilization technology from launching in the U.S., and called officials from Johnson & Johnson and Zimmer Biomet to testify about their interest in the procedure.
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August 12, 2015
FTC's $2B Steris Merger Fight To Turn On Future Competition
When the Federal Trade Commission steps into a Cleveland courthouse Monday to try to block Steris Corp.'s $1.9 billion bid to buy rival Synergy Health PLC, the case will likely turn on the question of whether the U.K. firm actually was set to upend the market for medical sterilization services in the U.S. with a new technology.