FTC Seeks More Info On $8.5B Actavis-Warner Chilcott Merger

Law360, New York (July 11, 2013, 1:29 PM EDT) -- Actavis Inc. and Warner Chilcott PLC announced Thursday that the Federal Trade Commission has sent them a second request for additional information, delaying an $8.5 billion merger that would create a new trans-Atlantic pharmaceutical giant.

The companies said on Thursday that they still expect the transaction to close before the new year, but the request could indicate the agency has competition concerns over the proposed tie-up. Once the pair complies with the request, the FTC will have 30 days to either close its investigation or take action,...
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