Teva, Allergan Generics: FTC Worried About A Multitude Of Markets, Not A Behemoth

Record-setting divestment order driven by sheer number of products where firms competed, not size of company that would result from acquisition.

The US Federal Trade Commission's record-setting divestment order in Teva Pharmaceutical Industries Ltd.'s purchase of Allergan PLC's generic unit was driven by the sheer number of products where the firms competed, not size of the company that would result from the acquisition.

Indeed, FTC – which approved the $40.5bn transaction on July 27 – appears to have concluded that size alone is...

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