Market Overview

UPDATE: Food Technology Service to Be Acquired by Sterigenics International for $7.23/ Share in Cash


Food Technology Service (NASDAQ: VIFL) announced today
that it entered into a definitive merger agreement, dated December 5,
2013, under which the Company will be acquired by an affiliate of
Sterigenics International LLC (“Sterigenics”), a portfolio company of
GTCR, LLC. Under the terms of the merger agreement, upon completion of
the transaction, the shareholders of the Company (other than holders of
excluded shares and dissenting shares, as described in the merger
agreement) will receive $7.23 per share in cash. The purchase price
represents a premium of 28.4% over the Company's closing share price on
December 5, 2013 and a premium of 27.2% over the Company's average
closing share price for the

See full press release

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