Surmodics says district court's injunction denial significant step towards closing GTCR deal
( November 10, 2025, 23:32 GMT | Official Statement) -- MLex Summary: Surmodics said that an Illinois federal judge has denied a request by the US Federal Trade Commission and certain state regulators to issue a preliminary injunction that would have prevented the company and GTCR from consummating their proposed transaction. “The District Court’s ruling is a significant step toward being able to complete the Merger, which we continue to believe will position the Company to continue to deliver compelling benefits for physicians, patients and customers going forward,” said Gary Maharaj, President and CEO of Surmodics. Consummation of the deal remains subject to a temporary restraining order under which the parties to the merger agree not to consummate the merger prior to 5:00 p.m. central time on Monday, Nov. 17. Statement follows below:...
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