Abbott's Acquisition of Kos Pharmaceuticals, Inc. Clears Antitrust Review
Advertisement
Abbott announced that the Federal Trade Commission has granted early termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 applicable to Abbott's offer to purchase all of the outstanding shares of common stock of Kos Pharmaceuticals, Inc.
The FTC's action satisfies one of the conditions necessary for the consummation of the pending acquisition. The tender offer is scheduled to expire at 12:00 midnight, New York City time, on Tuesday, December 12, 2006, unless the tender offer is extended. Consummation of the tender offer remains subject to other customary closing conditions, including satisfaction of the minimum tender condition under the Agreement and Plan of Merger entered into by Abbott and Kos on November 5, 2006.
Most read news
Organizations
Other news from the department business & finance
Get the chemical industry in your inbox
By submitting this form you agree that LUMITOS AG will send you the newsletter(s) selected above by email. Your data will not be passed on to third parties. Your data will be stored and processed in accordance with our data protection regulations. LUMITOS may contact you by email for the purpose of advertising or market and opinion surveys. You can revoke your consent at any time without giving reasons to LUMITOS AG, Ernst-Augustin-Str. 2, 12489 Berlin, Germany or by e-mail at revoke@lumitos.com with effect for the future. In addition, each email contains a link to unsubscribe from the corresponding newsletter.
Most read news
More news from our other portals
Last viewed contents
Praxair, Inc. Confirms Preliminary Talks about a Potential Merger with Linde AG
Gold nanoantennas help in creation of more powerful nanoelectronics
Polyplastics Completes Acquisition of German Monomer Supplier for LCP
Gold membrane coaxes secrets out of surfaces - Thousand-fold signal amplification
Electrochemical Process Enables Recovery of Valuable Raw Materials
Dow and PIC of Kuwait Continue Progress on Proposed $11B Joint Venture
Kraton Polymers Announces Asia Pacific SBS Price Increase
NOVA Innovene announces March price increase for PS products
Chemicals in plastic may contribute to weight gain - Plastic consumer products contain chemicals that may promote the development of overweight and obesity
Dow AgroSciences and Cheminova Agree To Form Joint Venture - New Company will Manufacture Advanced Pyrethroid
PLIVA Completes Divestment of Research Institute