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FTC approves merger between Fidelity & Guaranty Life, CF Corp.

The Federal Trade Commission has granted antitrust approval to CF Corp.'s pending acquisition of Fidelity & Guaranty Life.

The FTC on June 16 granted early termination of the waiting period related to the deal under the Hart-Scott-Rodino Antitrust Improvements Act.

The merger is expected to close in the fourth quarter.