Encore Merger Gets Antitrust Clearance From FTC

Law360, New York (August 9, 2006, 12:00 AM EDT) -- The Federal Trade Commission has cleared the way for Blackstone Capital Partners V LP to acquire Encore Medical Corp. and take the company private, despite two pending shareholder class actions that could halt the proposed merger.

The FTC and the Antitrust Division of the Department of Justice granted early termination of the waiting period under the Hart-Scott-Rodino Act, giving the companies antitrust clearance for the merger.

Blackstone Capital Partners, a subsidiary of private investment firm the Blackstone Group, agreed on June 30 to acquire Encore for...
To view the full article, register now.