FTC Clears Pfizer's $2.4B Capsugel Sale To KKR

Law360, New York (May 2, 2011, 4:19 PM EDT) -- The Federal Trade Commission on Friday greenlighted asset manager Kohlberg Kravis Roberts & Co. LP’s $2.4 billion acquisition of Pfizer Inc.'s Capsugel drug delivery business.

The FTC granted early termination of the antitrust review of the deal, finding that KKR’s purchase of the leading hard capsule manufacturer poses no threat to competition in the drug delivery sector.

"We’re pleased to have received FTC approval for the transaction," Pfizer spokeswoman Joan Campion said. "We continue to expect the transaction to close in the third quarter 2011."...
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