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Energizer's Playtex deal gets antitrust clearance



06 August 2007 @ 08:25 pm ET

Energizer Holdings Inc.'s $1.16 billion takeover of Playtex Products Inc. has won approval from U.S. antitrust authorities, the Federal Trade Commission said on Monday.

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Officials wrapped up an investigation of the deal without taking any action to block it, the FTC said in a statement.

Energizer, which makes batteries and Schick razors, said in July that it would pay $18.30 per share for Playtex, which makes sunscreen products like Hawaiian Tropic, tampons and baby-care products.

Copyright 2008 Reuters. All rights reserved.

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