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Analogic Sale to Altaris Approved by U.S. Regulators

Cal Biesecker By
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Analogic Corp. [ALOG] says its pending $1.1 billion acquisition by the private equity firm Altaris Capital Partners has received approval by U.S. regulators.The Federal Trade Commission provided early termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act, clearing one hurdle on the way to completion of the acquisition, which is still expected in mid-2018. Analogic’s board has approved the deal, which still needs shareholder approval.Following a 10-month strategic review of alternatives, Analogic in early April announced that Altaris has agreed to…

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