Chattem, Inc., Chattanooga, TN, has signed a definitive agreement to purchase Selsun Blue, a leading medicated dandruff shampoo, from Abbott Laboratories for $75 million plus inventories. Selsun Blue’s 2001 net sales were approximately $41 million, and the brand is marketed in both the U.S. and in nearly 50 countries worldwide. The acquisition is scheduled to close during the second quarter of 2002 and includes worldwide rights (except India) to manufacture, sell and market Selsun Blue plu...