Sotera Health Company SHC shares are trading higher. The company announced that the opt-in process for the January 2023 settlements of ethylene oxide claims against Sterigenics is complete and Sterigenics has elected to proceed with the settlements.
What To Know: In a statement, the company said, "We are pleased that 99.7 percent of the eligible claimants are participating in the settlements. The agreements explicitly state that the settlements are not to be construed as an admission of liability, and Sterigenics maintains that its Willowbrook operations did not pose a safety risk to the surrounding community."
The company will not incur any additional charges in association with the completion of the settlement beyond those previously incurred in the fourth quarter of 2022.
Keybanc analyst Matthew Mishan maintained Sotera Health with a Sector Weight.
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SHC Price Action: Shares of SHC were up 16.3% at $17.45 at the time of publication, according to Benzinga Pro.
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