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Biotechnology
Johnson & Johnson Announces Regulatory Clearance for Its Planned Acquisition of Cougar Biotechnology
July 5th, 2009
Johnson & Johnson (NYSE:JNJ) announced the U.S. Federal Trade Commission has granted early termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act with respect to its previously announced planned acquisition of Cougar Biotechnology (NASDAQ:CGRB). Johnson & Johnson, through its wholly owned subsidiary, Kite Merger Sub, Inc., initiated a cash tender offer to purchase all outstanding shares of Cougar Biotechnology common stock on June 5, 2009. The tender offer will expire at midnight on July 2, 2009, unless extended in accordance with the merger agreement and the applicable rules and regulations of the U.S. Securities and Exchange...
Source: Pharma Investments, Ventures & Law Weekly (2009-07-05)
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