Nordion Inc. (TSX:NDN) (NYSE:NDZ) today announces that although a clear majority of Nordion shareholders support Sterigenics’ all-cash acquisition proposal at US$12.25 per share (the “Arrangement”), it does not appear that there will be sufficient shareholder support to approve the Sterigenics deal based on voting results currently available following the May 23, 2014 proxy voting deadline (the “Initial Proxy Deadline”). As of the Initial Proxy Deadline, approximately 71.4% of all outstanding shares have been voted by proxy on the Arrangement resolution. Approximately 64.8% of the shares voted is in favour of the Arrangement and approximately 35.2% of shares voted is against the Arrangement. The Arrangement resolution requires the approval of 66 2/3% of the votes cast by such shareholders.
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