Judge denies FTC's bid to block $627M Surmodics buyout [Yahoo! Finance]
Surmodics, Inc. (SRDX)
Last surmodics, inc. earnings: 4/29 04:05 pm
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surmodics.gcs-web.com/investor-overview
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Source: Yahoo! Finance
Dive Brief: A judge has denied the Federal Trade Commission's request to block the $627 million takeover of Surmodics by the private equity company GTCR, Surmodics said Monday. The ruling removes one barrier to the deal. The acquisition remains subject to a restraining order that expires on Nov. 17 and to closing conditions, according to the announcement. Surmodics CEO Gary Maharaj said in a statement that the ruling “is a significant step toward being able to complete the merger.” Dive Insight: GTCR agreed to buy Surmodics, a maker of medical device coatings and diagnostics components, in May 2024 and aimed to close the deal later that year. However, the FTC challenged the deal in March, arguing that the buyout “would lead to a highly concentrated market for outsourced hydrophilic coatings and eliminate significant head-to-head competition.” Two states joined the challenge in April. Opposition to the deal reflects GTCR's majority stake in Biocoat, another coating company
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News
- Surmodics gains as FTC won't appeal denial of GTCR deal injunction [Seeking Alpha]Seeking Alpha
- Surmodics Announces FTC Does Not Intend to Appeal Denial of Injunction, Order Preventing Closing Set to Expire Today [Yahoo! Finance]Yahoo! Finance
- Surmodics Announces FTC Does Not Intend to Appeal Denial of Injunction, Order Preventing Closing Set to Expire TodayBusiness Wire
- Surmodics (NASDAQ:SRDX) was downgraded by analysts at Barrington Research from a "market perform" rating to an "underperform" rating.MarketBeat
- Surmodics Announces U.S. District Court Denies Request for Preliminary Injunction to Block Proposed Acquisition by GTCR [Yahoo! Finance]Yahoo! Finance
SRDX
Earnings
- 8/8/25 - Beat
SRDX
Sec Filings
- 11/20/25 - Form SCHEDULE
- 11/19/25 - Form 4
- 11/19/25 - Form 4
- SRDX's page on the SEC website