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French drug company Sanofi-Aventis (SNY) Tuesday said it has obtained antitrust clearance in connection with its $93.50 per share tender offer for Chattem, Inc (CHTT). MAIN FACTS:
- The waiting period under the Hart-Scott Rodino Antitrust Improvements Act of 1976 has expired, which satisfies one of the conditions of the tender offer.
- The tender offer remains subject to the other conditions described in the Offer to Purchase filed January 11, 2010
- The tender offer is scheduled to expire at 1200 midnight, New York City time, on February 8, unless the tender offer is extended.
- By Paris Bureau, Dow Jones Newswires; +331-4017-1740; firstname.lastname@example.org