Illinois, Minnesota join FTC challenge against $627M Surmodics buyout [Yahoo! Finance]
Surmodics, Inc. (SRDX)
Last surmodics, inc. earnings: 4/29 04:05 pm
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Source: Yahoo! Finance
Illinois and Minnesota have joined the Federal Trade Commission's legal challenge to the $627 million private equity takeover of Surmodics. The FTC, which shared the update Thursday, has filed an amended complaint to add Illinois and Minnesota as co-plaintiffs in its case against private equity firm GTCR. Details of the case against Surmodics and GTCR are unchanged. The FTC continues to claim the deal will eliminate competition that has lowered prices, raised quality and driven innovation. Surmodics provides outsourced hydrophilic coatings for devices. GTCR owns a majority stake in another coatings company, Biocoat. Surmodics accepted a $627 million takeover offer from GTCR in May 2024. The FTC's requests for information delayed the closing of the deal, which was originally scheduled for last year, and in March the federal agency filed a complaint against Surmodics and GTCR. According to the FTC's complaint, GTCR hatched a plan to consolidate the outsourced hydrophilic coatin
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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