Bayer says receives FTC nod for Conceptus buy

FRANKFURT Wed May 29, 2013 2:13am EDT

FRANKFURT May 29 (Reuters) - Germany's Bayer said on Wednesday it had obtained antitrust clearance from the US Federal Trade Commission (FTC) for its planned $1.1 billion acquisition of U.S. contraceptive devices maker Conceptus .

Bayer said the transaction remains subject to a minimum tender of at least a majority of the outstanding Conceptus shares.