IDEXX Laboratories, Inc.
IDXX announced today that the Commissioners of the U.S. Federal
Trade Commission ("FTC" or "Commission") have granted final approval of the
consent agreement previously reached between the Company and the staff of the
FTC Bureau of Competition. The Commission had preliminarily approved the
consent agreement in December 2012 and placed the agreement and a proposed
draft complaint on public record for comment.
"We are pleased that the Commission has announced final approval of the
consent agreement that we reached with the Bureau of Competition staff," said
Jonathan Ayers, Chairman and Chief Executive Officer. "While we admit no
wrongdoing and continue to believe that our distribution practices did not
violate the antitrust laws, this marks final resolution of the multi-year FTC
investigation."
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