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Friday, June 6, 2014

Nordion shareholders support $805 million takeover by Sterigenics, (NYSE: NDZ)

Shareholders of Canadian medical isotope supplier Nordion Inc voted on Friday to support a friendly $805 million friendly takeover bid from U.S. based Sterigenics International, clearing one of the major hurdles to a deal. More than 76 percent of votes cast by shareholders backed the offer, which satisfied the requirement for two-thirds support.

Nordion Inc. (Nordion) is a global health science company, engaged providing products and services used for the prevention, diagnosis and treatment of disease. Shares of NDZ traded higher by 0.24% or $0.03/share to $12.76. In the past year, the shares have traded as low as $7.13 and as high as $12.98. On average, 1422320 shares of NDZ exchange hands on a given day and today's volume is recorded at 176896.



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