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CSL Ltd. — M&A Activity 2009
May 24, 2009
17854_rns_2009-05-24_de005f6d-c521-4e5d-9c83-454450d5bded.pdf
M&A Activity
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25 May 2009
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CSL meets with US Federal Trade Commissioners regarding Talecris Acquisition
Melbourne, Australia (25 May 2009) – CSL Limited today announced that Managing Director, Dr Brian McNamee, met with U.S. Federal Trade Commission (FTC) Commissioners in Washington DC on 22 May 2009 to discuss CSL’s proposed acquisition of Talecris Biotherapeutics, Inc.
Dr McNamee put forward the pro-competitive arguments of CSL’s case including significant efficiencies and benefits to consumers resulting from the deal, presented potential remedies which may enable approval, and discussed the consideration of the case by FTC staff.
CSL was informed during the meeting that the FTC staff, after reviewing CSL’s case and remedy proposals, have recommended that the Commissioners initiate legal action in the U.S. District Court to block the transaction. A vote and decision by the Commissioners is imminent, likely to be announced by 28 May 2009 Washington time.
CSL will immediately notify the Australian Securities Exchange following advice about the outcome of the US Federal Trade Commissioners’ vote.
Media Contacts:
Dr Rachel David Tim Duncan Director, Public Affairs Hinton & Associates Ph 61 3 9389 1821 Telephone: +61 (3) 9600-1979 Email: [email protected] Email: [email protected]
Investor Contact:
Mark Dehring Head of Investor Relations CSL Limited Telephone: +613 9389 2818 Email: [email protected]
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