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Why Is Sotera Health (SHC) Stock Up 102% Today?

SHC Stock. Image of a judge's gavel.

Source: Valery Evlakhov/Shutterstock.com

Sotera Health (NASDAQ:SHC) stock is taking off on Tuesday thanks to news of a $408 million settlement.

The lawsuit involves Sterigenics, a subsidiary of Sotera Health. With today’s news, the company has agreed to pay a total of $408 million for the more than 870 ethylene oxide cases pending against Sterigenics. The company expects to take between 90 days and 120 days to make . . .

Written by biedex markets