CSL abandons $3.1 billion acquisition offer for Talecris

06/9/2009 | NYTimes.com

Australian biotech company CSL dropped its $3.1 billion bid to take over Talecris Biotherapeutics because the Federal Trade Commission opposes the deal. CSL, which makes blood plasma products, will repurchase as much as 9% of its stock for about $1.3 billion and pay Talecris $75 million for ending the offer.

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