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.

Law360 UK

UK Financial Services

Read Our Latest UK Legal News & Analysis

Financial Services Law360 UK and Insurance Law360 UK provide breaking news and in-depth analysis on U.K. and European Union regulation, enforcement, legislation, and litigation involving banks, investment firms, insurers, and more.