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

Food Technology Service 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