Cyberonics and Sorin have provided an update on various matters relating to their pending merger.
The companies announced that the registration statement on Form S-4 for LivaNova, PLC—filed on 20 April and subsequently amended three times—was declared effective by the Securities and Exchange Commission on 19 August, paving the way for convening the special meeting of Cyberonics stockholders to consider and vote on the transaction.
Cyberonics has set a date for a special meeting of its stockholders to consider and vote on the transaction and certain other related matters. The special meeting of Cyberonics stockholders will be held on 22 September.
The transaction has already been approved by the boards of directors of both Cyberonics and Sorin as well as the Sorin stockholders.
The companies currently expect that the transaction, the consummation of which remains subject to Cyberonics stockholder approval and satisfaction of other customary closing conditions, will close in the fourth calendar quarter of 2015.