A PYMNTS Company

Germany: Drug giant Bayer gets US approval for $1.1B buyout

By  |  May 29, 2013
Germany: Drug giant Bayer gets US approval for $1.1B buyout

Germany-based drug conglomerate Bayer AG has received approval from the US Federal Trade Commission to acquire contraceptive company Conceptus. Bayer has made an offer of $1.1 billion in a move the company says will help expand its birth control businesses. An announcement to buy the California-based company was made last month. While Bayer already markets various birth control pills, Conceptus specializes in an irreversible birth control method. The parties expect to complete the deal by the middle of the year.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    Full Content: My San Antonio

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.