M&A
confidence high
sentiment neutral
materiality 1.00
Surmodics acquired by GTCR-backed BCE Parent for $43.00/share; stock to be delisted
SURMODICS INC
- Completion of merger on November 19, 2025; each share of common stock converted into $43.00 cash.
- Nasdaq halt on Nov 18, delisting and deregistration of SRDX requested; Form 15 to be filed.
- Credit, Security and Guaranty Agreement with MidCap and related swap with Wells Fargo terminated.
- All prior directors and officers replaced; Robert B. Hance appointed President/CEO, Scott D’Amour CFO.
- Merger funded by GTCR equity and debt from Oak Hill Advisors, BMO, Antares, Brinley, Northwestern Mutual.