Wright Medical Group, Inc. and Tornier N.V. have agreed to sell Tornier’s U.S. rights and assets related to its total ankle replacements and total silastic toe joint replacements to resolve Federal Trade Commission charges that the proposed $3.3 billion merger would illegally reduce competition for these devices. Headquartered in Memphis, Tennessee, Wright is a global […]
Tag Archives: Bureau of Competition Competition
FTC Approves Application from ZF Friedrichshafen AG and TRW Automotive Holdings Corp. to Divest TRW’s Linkage and Suspension Business in North America and Europe
Following a public comment period, the Federal Trade Commission has approved an application from ZF Friedrichshafen AG and TRW Automotive Holdings Corp. to sell TRW’s North American and European linkage and suspension business for heavy and light vehicles to the Tokyo-based global machine component manufacturer THK Co., Ltd. The divestiture was required by the FTC’s […]
FTC Requires Pfizer Inc. to Sell Rights to Four Products as a Condition of Acquiring Hospira, Inc.
Pfizer Inc. has agreed to sell the rights and assets related to four pharmaceutical products in order to settle FTC charges that its proposed $16 billion acquisition of Hospira, Inc. is anticompetitive. Pfizer is one of the world’s largest drug companies and principally competes with Hospira in markets for certain sterile injectable pharmaceutical products. The […]
FTC Approves Final Order Preserving Competition in U.S. Markets for Three Orthopedic Medical Products
Following a public comment period, the Federal Trade Commission has approved a final order settling charges that Zimmer Holdings, Inc.’s $13.35 billion acquisition of Biomet, Inc. is anticompetitive. Under the order, first announced in June 2015, the merged company agreed to divest Zimmer’s U.S. ZUK unicondylar knee implant rights and assets to London-based Smith & […]
Pharmaceutical Companies Settle FTC Charges of an Illegal Agreement not to Compete, which Resulted in Higher Prices for Generic Version of ADHD Drug
Pharmaceutical companies Concordia Pharmaceuticals Inc. and Par Pharmaceutical, Inc. have settled FTC charges that they entered into an unlawful agreement not to compete in the sale of generic versions of Kapvay, a prescription drug used to treat Attention Deficit Hyperactivity Disorder. As part of the settlement, the companies agreed not to enforce the anticompetitive provisions […]
FTC Approves Application from Holcim LTD. and Lafarge S.A. to Divest Cement Assets
Following a public comment period, the Federal Trade Commission has approved an application from Holcim Ltd. and Lafarge S.A. to sell various Holcim cement assets to an affiliate of the international cement company CRH International. The divestiture was required under the FTC’s June 2015 final order settling charges that the $25 billion merger of Holcim […]
FTC Approves Final Order Preserving Competition in U.S. Market for Cigarettes
Following a public comment period, the Federal Trade Commission has approved a final order settling charges that the $27.4 billion merger of tobacco companies Reynolds American Inc. and Lorillard Inc. would likely harm competition in the U.S. market for cigarettes. Under the order, first announced in May 2015, Reynolds is required to divest to Imperial […]
FTC Approves Panasonic’s Application to Sell Assets It Uses to Manufacture Portable Sub-C Nickel Metal Hydride Batteries
Following a public comment period, the Federal Trade Commission has approved an application by Panasonic Corporation to sell to FDK Corporation assets from Panasonic’s facility in Suzhou, China that produce sub-C portable nickel metal hydride (“NiMH”) batteries. The FTC’s November 2009 order, settling charges that Panasonic’s $9 billion acquisition of Sanyo Electric Co., Ltd. was […]
FTC Issues Final Order Preserving Supermarket Competition in 130 Local Markets
Following a public comment period, the Federal Trade Commission has approved a final order settling charges that the $9.2 billion merger of supermarket operators Albertsons and Safeway Inc. would be anticompetitive. According to the FTC’s complaint, first announced in January 2015, Albertsons and Safeway grocery stores competed vigorously on price, quality, product variety, and services, […]
Following Sysco’s Abandonment of Proposed Merger with US Foods, FTC Closes Case
Following a June 23, 2015 ruling by the U.S. District Court for the District of Columbia granting the Federal Trade Commission request for a preliminary injunction, Sysco and US Foods abandoned their proposed merger, and the Commission has now dismissed its administrative complaint. In light of those events, FTC Chairwoman Edith Ramirez issued the following […]