u.s. federal trade commission

U.S. Federal Trade Commission to Challenge Thoratec's Proposed Acquisition of HeartWare International





PLEASANTON, Calif., FRAMINGHAM, Mass. and SYDNEY, July 29 /PRNewswire-FirstCall/ -- Thoratec Corporation (Nasdaq: THOR), a world leader in device-based mechanical circulatory support therapies to save, support and restore failing hearts, and HeartWare International, Inc. (Nasdaq: HTWR; ASX: HIN), which develops and manufactures miniaturized implantable heart pumps, announced today that the United States Federal Trade Commission ("FTC") has informed them that the FTC will file a complaint in U.S. Federal District Court to challenge Thoratec's proposed acquisition of HeartWare International.

Thoratec and HeartWare International are disappointed with the FTC's decision to challenge the acquisition. The companies intend to review the FTC's decision and mutually assess the appropriate next steps and promptly communicate their intentions once a decision has been made.

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