Court Denies FTC Bid to Block Surmodics Acquisition by GTCR
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Surmodics, Inc. announced that the U.S. District Court for the Northern District of Illinois has denied the FTC's request to block its acquisition by GTCR LLC. However, the acquisition is still subject to a temporary restraining order that prevents closing before November 17, 5:00 p.m. Central time, along with other customary closing conditions. This court decision is a significant step forward for Surmodics in the acquisition process.
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