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Global ACT deal closes

This article was originally published in The Tan Sheet

Executive Summary

Chattem announces May 29 the closing of an agreement to acquire the rights to anti-cavity mouthwash ACT in Western Europe together with worldwide trademark rights for $4.1 mil. and assumed liabilities. The Chattanooga, Tenn.-based firm announced the agreement May 7 after the European Commission approved it (1"The Tan Sheet" May 14, 2007, In Brief). Chattem acquired ACT and other brands in January 2007 as Johnson & Johnson divested brands in connection with its Pfizer Consumer Healthcare purchase (2"The Tan Sheet" Feb. 19, 2007, p. 10)...

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The Chattanooga, Tenn.-based firm announces an agreement May 7 to acquire the Western Europe rights to ACTas well as worldwide trademark rights from Johnson & Johnson for $4.1 mil. plus certain assumed liabilities. The European Commission approved the transaction and the deal is expected to close in late May. J&J is divesting ACT as a condition of the EC's approval of J&J's Pfizer Consumer Healthcare acquisition and "certain regulatory requirements in connection with the acquisition in Greece," the firm says. Chattem acquired ACT and five other OTC brands from J&J/Pfizer in January 2007 (1"The Tan Sheet" Feb. 19, 2007, p. 10)...

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Trademarks are registered and published for opposition with the US Patent and Trademark Office and are published weekly in the agency's Official Gazette.

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