May 29, 2013 / 6:16 AM / 4 years ago

Bayer says receives FTC nod for Conceptus buy

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.

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