Olshan Represents Food Technology Service, Inc. in Sale to Sterigenics International

The Tampa Bay Business Journal reported that Food Technology Service, Inc., a regional provider of sterilization services, has entered into a definitive merger agreement and filed its preliminary proxy statement in connection with the proposed merger. Under the merger agreement, the company will be acquired by an affiliate of Sterigenics International LLC for approximately $20.5 million, or $7.23 per share. Olshan attorneys Steve Wolosky, Andrew Freedman and Alfonso Jimenez represented the Special Committee of the Board of Directors of Food Technology Service in this matter.