tag:blogger.com,1999:blog-4241416962008169508.post3035468999066075620..comments2024-03-27T21:03:58.972-04:00Comments on Just A Life Sciences Blog...: FTC Legal Analysis Spells Trouble for Next Step: Intervet to New MerialUnknownnoreply@blogger.comBlogger6125tag:blogger.com,1999:blog-4241416962008169508.post-71703713858138451842009-10-31T00:18:35.111-04:002009-10-31T00:18:35.111-04:00What FTC has really said is that it will decide ab...What FTC has really said is that it will decide about Merial-Intervet once Sanofi exercises its call option.<br /><br />That, coupled with the fact that the order specifically prohibits any move to actually close on the call option, should mean that the FTC may simply dictate its own terms, here -- or else, there will be no deal.<br /><br />Now, my personal belief is that while some form of the Merial-Intervet deal will clear the ECC and FTC, it will not be an easy path. Too many competitors have disappeared in the AH arena. <br /><br />Thanks for the great dialogue here, do stop back.<br /><br />NamasteCondorhttp://shearlingsplowed.blogspot.comnoreply@blogger.comtag:blogger.com,1999:blog-4241416962008169508.post-87486862834834789582009-10-30T19:35:35.479-04:002009-10-30T19:35:35.479-04:00I thought FTC would put up much of an obejction th...I thought FTC would put up much of an obejction than they did based on what is in the complaint. I agree with one Anon. on this site: Based on this meager FTC response Merial and Intervet combo is much more likely to happen than not.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4241416962008169508.post-21743834751134601142009-10-29T22:42:38.490-04:002009-10-29T22:42:38.490-04:00Why? Combining Intervet into Merial would require ...Why? Combining Intervet into Merial would require FTC approval anyway.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4241416962008169508.post-64088930822823237542009-10-29T22:04:33.441-04:002009-10-29T22:04:33.441-04:00Item #3 leads me to believe that a Meriel/Intervet...Item #3 leads me to believe that a Meriel/Intervet Dual ownership LLC side-project type thing won't happen.<br /><br />Day one is day one, not day 100.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4241416962008169508.post-27457331314827115072009-10-29T21:06:34.346-04:002009-10-29T21:06:34.346-04:00The FTC Consent Order actually requires much more,...The FTC Consent Order actually requires much more, anon., thus:<br /><br />". . . .<i>Merck is prohibited from acquiring any of Merial’s animal health assets, or in any way combining the animal health businesses of Merck and Sanofi-Aventis without the prior approval of the Commission</i>. . . ." <br /><br />I think the required divestitures will be more significant, especially in Europe.<br /><br />But we shall see.<br /><br />NamasteCondorhttp://shearlingsplowed.blogspot.comnoreply@blogger.comtag:blogger.com,1999:blog-4241416962008169508.post-34684683323419835762009-10-29T20:09:22.751-04:002009-10-29T20:09:22.751-04:00If FTC only requires divestiture of poultry and ca...If FTC only requires divestiture of poultry and cattle gonadatropins then both Merck and Sanofi would take that in a heartbeat. Everyone always knew that one of the poultry businesses would need to be divested, and cattle gonadotropins just isn't a big business driver. Heck, that would be a cleaner transaction than Pfizer Animal Health/Fort Dodge. <br /><br />Bottom line, if FTC approved Pfizer/Wyeth with only approx. 10% of animal health being divested, then the chances that the Sanofi call option will be denied are extremely small.Anonymousnoreply@blogger.com