Sterigenics ups offer for Nordion

|About: Nordion Inc. (NDZ)|By:, SA News Editor

Citing insufficient shareholder support, Sterigenics increases its cash offer for Nodion (NDZ +7.5%) from $12.25 to $13.00 in order to secure the minimum 2/3 shareholder approval to OK the deal. The increase trumps a competing $12.50 offer received by Nordion on May 30 from an undisclosed third party. The revised offer values NDZ at $805M.