Following a public comment period, the Federal Trade Commission has approved a final order settling charges that the $3.3 billion merger between Wright Medical Group, Inc. and Tornier N.V. would likely be anticompetitive.
Under the order, first announced in September 2015, the companies are required to sell Tornier’s U.S. rights and assets to its total ankle replacement products and total silastic toe joint replacement products–including intellectual property, manufacturing technology, and existing inventory–to Integra Lifesciences Corporation.
The Commission vote approving the final order was 4-0. (FTC File No. 151 0018; the staff contact is Aylin M. Skroejer, Bureau of Competition, 202-326-2459)
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