Cyberonics, Sorin provide update on pending business combination

Cyberonics, Inc. (NASDAQ: CYBX, "Cyberonics") and Sorin S.p.A. (MTA; Reuters Code: SORN.MI, "Sorin") today announced an update on various matters relating to their pending business combination (the "Transaction").

The companies announced that the registration statement on Form S-4 for LivaNova, PLC filed on April 20, 2015 and amended on June 12, 2015, July 13, 2015 and August 17, 2015, was declared effective by the Securities and Exchange Commission on August 19, 2015, thus paving the way for convening the special meeting of Cyberonics stockholders to consider and vote on the Transaction.

Cyberonics announced that it 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 September 22, 2015, at 10:00 a.m., Central Time, at Cyberonics' offices, 100 Cyberonics Boulevard, Houston, Texas 77058.

Cyberonics stockholders of record as of the close of business of today, August 20, 2015, are entitled to notice of, and to vote at, the special meeting. 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.