FTC Will Not Appeal Surmodics' Acquisition
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 17 2025
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Acquisition Status: Surmodics is set to finalize its acquisition by an affiliate of GTCR, with no intention from the FTC or state regulators to appeal a recent court ruling that supports the merger.
Temporary Restraining Order: The merger's completion is currently subject to a Temporary Restraining Order, which prevents finalization until after 5:00 p.m. Central Time on November 17.
Joint Motion to Terminate TRO: Surmodics and GTCR have filed a joint motion with the District Court to lift the Temporary Restraining Order.
Closing Conditions: The merger's consummation is contingent upon meeting specific closing conditions, including the absence of any legal prohibitions and no significant adverse effects on the company.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
