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Allergan's Inamed takeover is approved

... Ventura County Star: Business Get Local News Sports Entertainment Lifestyle Business Opinion E-MAIL THIS STORY Allergan's Inamed takeover is approvedSanta Barbara firm is maker of BotoxBy Alex Veiga, AP business writerMarch 9, 2006LOS ANGELES — Federal antitrust regulators said Wednesday they approved Botox-maker Allergan Inc.'s $3.2 billion acquisition of Inamed Corp., citing an agreement with the companies to divest Inamed of its right to a potential rival to Botox.

The Federal Trade Commission voted 4-0 to clear the takeover.

A final order by the commission is expected to be issued after a 30-day public comment period.

Irvine-based Allergan said it expects to complete its exchange offer for the outstanding shares of Santa Barbara-based Inamed's common stock Friday, the expiration date for the offer.

"We are pleased to have received U.S.

antitrust approval from the FTC, and we look forward to rapidly completing the I...

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