Federal Judge Clears Path For GTCR's Takeover Of Surmodics After FTC Challenge
The United States District Court for the Northern District of Illinois on Tuesday denied a request by the U.S. Federal Trade Commission and certain state regulators to issue a preliminary injunction that would have prevented the proposed acquisition of Surmodics Inc. (NASDAQ:SRDX) by GTCR.SRDX is reaching significant price levels. Watch the momentum hereIn May 2024, private equity firm GTCR agreed to acquire medical device coating company Surmodics for approximately 43 per share."The Distr ...