-Surgical Express to be acquired in merger with Synergy Health for $3.70 per share in cash (stock halted) (STRC) 3.77 : Synergy Health, a global provider of outsourced sterilization services to the medical device market and healthcare sector, and SRI/Surgical Express (STRC) announced they have entered into a definitive merger agreement. Under the terms of the agreement, a subsidiary of Synergy Health will acquire all of the outstanding shares of common stock of SRI for $3.70 per share in cash through a cash tender offer followed by a merger. The transaction is valued in the aggregate at approximately $25.06 mln in equity value and $38.45 mln in enterprise value. The cash consideration represents a premium of approximately 17% to SRI's closing share price on September 13, 2011, the last trading day before SRI announced that it would explore strategic alternatives. The agreement has been unanimously approved by each company's Board of Directors.
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