NORDION INC. $14 - Toronto symbol NDN

NORDION INC. $14 (Toronto symbol NDN; Aggressive Growth Portfolio, Consumer sector; Shares outstanding: 61.9 million; Market cap: $866.6 million; Price-to-sales ratio: 2.6; No dividends paid since July 2012; TSINetwork Rating: Extra Risk; www.nordion.com) has accepted a $13.00 U.S.-a-share friendly bid from Sterigenics, a privately held Illinois firm that sterilizes surgical tools, drug ingredients and other materials.

Sterigenics expects to complete the takeover in the second half of 2014. Nordion shareholders should tender their shares to receive the full $13.00 U.S. without paying brokerage fees.

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Vernon Jones

Vernon is a managing editor at TSI Network, working with a team of analysts and reporters to develop editorial content focused on Canadian investors. An award-winning journalist, Vernon has years of general and business reporting experience at five of North America’s major dailies, including the Globe and Mail, Wall Street Journal and the Chicago Sun-Times. He was also business editor for one of North America’s oldest newspapers. He led the development of ten national business-to-business magazines, including Wealth Professional and Insurance Business Canada. The Toronto native is a graduate of Toronto Metropolitan University’s school of journalism, and holds a master’s degree from the University of Illinois at Urbana-Champaign.

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