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Teva, Allergan Probably Won't Need More Divestments To Get FTC Approval

 
• By Brenda Sandburg

Parties have already agreed to sell more than 50 products so far, but are still extending outside date for closing of Teva's acquisition of Allergan's generic business until October.

While Teva Pharmaceutical Industries Ltd. expects the Federal Trade Commission to approve its acquisition of Allergan PLC's generic business any day, the parties extended the outside date for the closing from July 26 to Oct. 26. Since the companies have already agreed to divest more than 50 products, the FTC may not require them to sell off additional assets.

In a July 13 filing with the Securities and Exchange Commission, Teva reported that it had entered into a third...

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