Surmodics Merger Advances Despite TRO

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.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.