Surmodics Merger Advances Despite TRO
Update: 2025-11-11
Description
Surmodics shares surged by 50% following a court ruling that denied a preliminary injunction blocking its proposed acquisition by GTCR LLC. The merger, however, remains under a Temporary Restraining Order, with the deals completion hinging on its expiration. Surmodics CEO, Gary Maharaj, expressed satisfaction with the ruling, highlighting its significance in the merger process.
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