Becton Dickson, TriPath Receive Merger OK
Posted November 1, 2006 5:04 a.m. EST
BURLINGTON, N.C. — The Federal Trade Commission has approved the acquisition of
, TriPath said Monday.
Becton, Dickinson, which has some 400 employees in Research Triangle Park, is paying some $350 million for TriPath (Nasdaq: TPTH). Becton Dickinson owned more than 6 percent of TriPath stock before the companies agreed to the acquisition in September.
TriPath has scheduled a shareholder meeting on Dec. 16 to vote on the deal.