P&G Takeover of Teva Drugs Division Receives EU Approval

by Kathy Jones on  October 1, 2011 at 5:07 PM Corporate News
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The takeover by US consumer products giant Procter & Gamble of the 'over-the-counter' division of Israeli drugmaker Teva has received the approval of the European Commission.
 P&G Takeover of Teva Drugs Division Receives EU Approval
P&G Takeover of Teva Drugs Division Receives EU Approval
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Anti-trust inspectors "concluded that the proposed transaction would not raise competition concerns, because the merged entity would continue to face sufficient competition in the markets concerned," Brussels said.

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The companies announced in March the tie-up covering pain-relief and other products with sales of around a billion dollars.

Source: AFP
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