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FTC Approves J&J, Pfizer Deal

Jan 22, 2007, 5:00 AM
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Government regulators said Friday they have formally cleared Johnson & Johnson's $16.6 billion purchase of Pfizer Inc.'s consumer products division. The Federal Trade Commission voted unanimously to approve the deal after the close of a public comment period. Such popular brands as Neosporin ointment and Listerine mouthwash are now the property of Johnson & Johnson.

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