FTC Clears Nordic Capital's $767M Sale Of Wheelchair Co.

Law360, New York (April 23, 2013, 3:42 PM ET) -- The Federal Trade Commission has cleared Investor AB to move ahead with its proposed 5.1 billion krona ($767.4 million) acquisition of power wheelchair maker Permobil AB from private equity firm Nordic Capital, the agency said Monday.

The FTC put an early end to the standard waiting period for the Stockholm-based Investor to close the deal under the Hart-Scott-Rodino Antitrust Improvements Act, which requires companies to notify antitrust authorities prior to the completion of certain transactions, according to a notice on the agency's website.

The FTC has...
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