Bowtie and notworthy just made some new friends...
FTC blocks HeartWare deal
Nick Evans
Thursday, 30 July 2009
THE US Federal Trade Commission will act to prevent Thoratec’s takeover of HeartWare, according to the two companies – the second time the regulator has acted to prevent a merger involving an Australian life science company this year, after it blocked CSL’s plans to acquire Talecris earlier this year.
In a statement to the Australian Securities Exchange this morning, HeartWare said the FTC would take action in a US Federal District Court to challenge the $429 million takeover deal, first announced in February.
The companies gave no reason for the mooted challenge, saying only that they were “disappointed” in the FTC’s decision, and that they would review it and “mutually assess the appropriate steps” to take in response.
The FTC’s website has been down since this morning, and no statement is currently available on why the regulator has decided to challenge the acquisition.
http://www.biotechnologynews.net/storyview.asp?StoryID=1032727#
VCR
ventracor limited
Bowtie and notworthy just made some new friends...FTC blocks...
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