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In Brief: American Home Products

Executive Summary

American Home Products: Petitions Federal Trade Commission to reopen and modify a 1995 consent order pertaining to AHP's late 1994 $9.7 bil. acquisition of Lederle from American Cyanamid. The consent decree requires that AHP obtain FTC permission before it acquires more than 1% of any U.S. developer of diphtheria, tetanus or rotavirus vaccine. AHP made the petition based on FTC's June 1995 policy change under which FTC decided not to seek preclearance in most cases and instead rely on existing Hart-Scott-Rodino notification procedures...
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