The U.S. Federal Trade Commission has informed Steris Corp. and Synergy Health PLC that it plans to block the companies' proposed merger that was first announced in October. Both companies plan to contest FTC's decision and complete the proposed $1.9 billion deal as soon as possible, the firms said May 29.
Steris, a sterilization and decontamination technology firm based just outside Cleveland, wants to buy Synergy, a U.K.-based sterilization outsourced services...