Baxter Offers EU Antitrust Fixes On $4B Gambro Buy

Law360, New York (July 2, 2013, 4:36 PM EDT) -- Baxter International Inc. on Monday offered the European Commission antitrust fixes for its $4 billion acquisition of Swedish dialysis product maker Gambro AB, leading the competition watchdog to extend its deadline for reviewing the transaction.

The European Union antitrust enforcer did not provide details of the proposed commitments, and representatives for the companies were not immediately available for comment Tuesday.

The move extended the agency's deadline to review the transaction to July 22. Baxter originally said it expected to officially acquire privately held Gambro in the...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.