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September 15, 2000
By: TOM BRANNA
Chattem Inc. has successfully completed the sale of its Ban aniperspirant and deodorant line to The Andrew Jergens Company, a wholly owned subsidiary of Kao Corp. Chattem has received $160 million cash plus the right to receive up to an additional $6.5 million in future payments based upon levels of Ban sales in 2001 and 2002.
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