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FTC Wants To Block Steris/Synergy Merger

This article was originally published in The Gray Sheet

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Executive Summary

The companies plan to contest the Federal Trade Commission's action, although they say they have yet to see FTC's formal complaint. The deal, valued at $1.9 billion, would allow U.S.-based Steris to reduce its corporate tax rate by redomiciling to Synergy's home in the U.K., creating a $2.6 billion entity.

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