Inamed Buy Gets Europe OKs
The deal is still waiting for clearance from the U.S. Federal Trade Commission.
Allergan
(AGN) - Get Report
, the California-based global health care company, said on Monday that antitrust authorities in Germany and Spain have cleared its acquisition of
Inamed
(IMDC)
.
The deal is still waiting for clearance from the U.S. Federal Trade Commission. Allergan said in a press release that both the companies are working with the FTC to complete divestiture of Inamed's license for Reloxin to facilitate antitrust approval.
Botox-maker Allergan in December signed a definitive agreement to buy Inamed, a maker of breast implants and dermatology treatments. Allergan will pay $84 in cash, or 0.8498 of a share, for each Inamed share.
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