EU antitrust regulators will rule by November 27 whether to clear US battery maker Energizer’s $2 billion bid for Spectrum’s battery and portable lighting business.
The company, which makes Energizer and Eveready batteries, sought approval from the European Commission on October 19, a filing on the EU competition regulator’s website showed on Monday, October 22.
The Commission can approve the deal with or without demanding concessions or it can kick off a four-month long investigation if it has serious concerns.
Spectrum’s brands include Varta consumer batteries and Rayovac hearing aid batteries. Regulatory authorities in the US and Australia have approved the deal without conditions.
Full Content: Reuters
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