FTC challenges $627M private equity takeover of Surmodics [Yahoo! Finance]
Surmodics, Inc. (SRDX)
Last surmodics, inc. earnings: 4/29 04:05 pm
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US:NASDAQ Investor Relations:
surmodics.gcs-web.com/investor-overview
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Source: Yahoo! Finance
Dive Brief: The Federal Trade Commission has challenged a private equity firm's attempt to buy Surmodics for approximately $627 million, the regulator said Thursday. Surmodics provides outsourced hydrophilic coatings for devices. GTCR, the private equity group that is attempting to buy Surmodics, owns a majority stake in another coating company, Biocoat. The FTC said the buyout “would lead to a highly concentrated market for outsourced hydrophilic coatings and eliminate significant head-to-head competition between Biocoat and Surmodics.” Dive Insight: GTCR agreed to buy Surmodics in May and expected to close the takeover in the second half of 2024. The FTC asked for additional information from Surmodics and Biocoat in a second request in August. As of late January, Surmodics was aiming to close the merger by the end of March but said progress was subject to the expiration or termination of an agreement with the FTC not to consummate the deal. The FTC dealt a setback to GT
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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
- Judge denies FTC's bid to block $627M Surmodics buyout [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