Cooper Cos. Abandons Cook Medical Unit Deal Amid FTC Concerns

Cooper Cos. abandoned its $875 million deal to buy the reproductive health unit of Cook Medical Inc. after the US Federal Trade Commission expressed antitrust concerns about the deal, the agency said Tuesday.

In a statement, the antitrust agency said it had concerns about how the deal would impact reproductive health markets.

The FTC marked it as a win for its aggressive antitrust agenda under the Biden administration and said that at least 15 deals have been abandoned over competition issues since January 2021.

Cooper’s CooperSurgical unit makes a variety of products to aid in screening, treatment and surgery for ...