Biotherapy manufacturers abandon transaction following FTC challenge | Practical Law

Biotherapy manufacturers abandon transaction following FTC challenge | Practical Law

CSL Limited has announced that it has abandoned the proposed US$3.1 billion acquisition of Talecris Biotherapeutics Holdings Corp. after the US Federal Trade Commission (FTC) sought to block the deal by commencing administrative proceedings and seeking a preliminary injunction in US District Court. The FTC's complaint alleged that the transaction would substantially lessen competition in four US markets for plasma-derivative protein therapies.

Biotherapy manufacturers abandon transaction following FTC challenge

Practical Law UK Legal Update 1-386-3392 (Approx. 3 pages)

Biotherapy manufacturers abandon transaction following FTC challenge

by Practical Law
Published on 01 Jul 2009USA (National/Federal)
CSL Limited has announced that it has abandoned the proposed US$3.1 billion acquisition of Talecris Biotherapeutics Holdings Corp. after the US Federal Trade Commission (FTC) sought to block the deal by commencing administrative proceedings and seeking a preliminary injunction in US District Court. The FTC's complaint alleged that the transaction would substantially lessen competition in four US markets for plasma-derivative protein therapies.