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Shelton’s Edgewell, under FTC pressure, drops acquisition of Harry’s Inc.

Harry's Inc. issued a statement insisting it "would have prevailed in litigation."

FTC sues to block Shelton’s Edgewell from acquiring competitor Harry’s Inc.

The FTC accused Edgewell of trying to "short-circuit competition by buying up its newer rival."

Shelton’s Edgewell acquiring Harry’s Inc. for $1.37 billion

In addition to men’s razors, Harry's also operates the Flamingo brand of women’s razors as well as shower and face care products.