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LabCorp gets answer from FTC on $6B purchase of Covance

2014-12-16 23:09:50| Biotech - Topix.net

Burlington-based Laboratory Corp. of America's plan to purchase Covance Inc. for $6.1 billion has passed through a 30-day period of review by federal regulators with no objections, setting the stage for shareholders to vote on the deal in the near future. The deal was put before the Federal Trade Commission for review, with regulators assessing its impact on consumers and competition, through a Hart-Scott-Rodino filing.

Tags: of purchase answer ftc

FTC Takes Action Against Two Auto Dealership Chains For Violating...

2014-12-13 15:06:51| Auto Dealers - Topix.net

The Federal Trade Commission is taking action against two auto dealer groups, operating in five states with more than two dozen retail stores, for civil penalties for violations of FTC administrative orders, which prohibit them from deceptively advertising the cost of buying or leasing a car. "If auto dealers make advertising claims in headlines, they can't take them away in fine print," said Jessica Rich, Director of the FTC's Bureau of Consumer Protection.

Tags: action auto takes chains

Watchdogs Ask FTC To Investigate Social Media Campaign For Ring Pops

2014-12-10 00:26:26| Food - Topix.net

A social media campaign for The Topps Company's Ring Pops candy violated children's privacy laws, a consortium of watchdogs allege in a new complaint filed with the Federal Trade Commission. The campaign centered on a contest that gave children the opportunity to have photos of themselves used in a music video by the group R5, the groups allege.

Tags: media social ring campaign

Novartis selling nicotine patch to win U.S. nod for GlaxoSmithKline deal - FTC

2014-11-26 21:55:46| Biotech - Topix.net

Switzerland's Novartis AG has agreed to sell its nicotine patch, Habitrol, in order to win U.S. antitrust approval for a consumer healthcare joint venture with Britain's GlaxoSmithKline , the U.S. Federal Trade Commission said on Wednesday. The deal is part of a three-way transaction unveiled in April, which includes GSK buying Novartis' vaccines business, Novartis purchasing GSK's cancer drugs, and the two groups tying up in consumer healthcare.

Tags: win deal selling patch