WASHINGTON -- The Federal Trade Commission said Monday it has given antitrust clearance for The Warnaco Group to buy Calvin Klein's men's underwear business.
In giving the go-ahead in a routine clearance, the agency signaled it found no anticompetitive grounds to block the acquisition by Warnaco.
As part of the $64 million deal, announced on Jan. 18, Warnaco will also license the trademarks for Calvin Klein's men's accessories worldwide, plus the worldwide trademarks for women's innerwear when the current U.S. license for the category expires at the end of the year.
Besides the Warnaco/Calvin Klein underwear acquisition, the FTC also gave antitrust clearance for Allied Textile Co., Bradford, England, to buy Carleton Woolen Mills, New York, for $15.2 million, plus $3 million in ATC stock.
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