Steris Agrees to Buy Synergy Health for $1.9 Billion

Steris Corp., an Ohio-based maker of hospital sterilization products, agreed to buy Synergy Health Plc for about 1.2 billion pounds ($1.9 billion) and move to the U.K. for tax purposes, a sign tougher rules against such transactions aren’t deterring some buyers.

Synergy holders will receive cash and stock valued at 19.50 pounds a share, based on the Oct. 10 closing price for Steris, the companies said in a statement. The price is 39 percent above Synergy’s closing level on that day.