Don’t miss the latest developments in business and finance.

EU regulators to rule on $2 billion Energizer, Spectrum deal by Nov. 27

Image
Reuters BRUSSELS
Last Updated : Oct 22 2018 | 5:35 PM IST

BRUSSELS (Reuters) - European Union antitrust regulators will rule by Nov. 27 whether to clear U.S. battery maker Energizer Holdings' $2-billion bid for Spectrum Brands' battery and portable lighting business.

The company, which makes Energizer and Eveready batteries, sought approval from the European Commission on Oct. 19, a filing on the EU competition regulator's website showed on Monday.

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 United States and Australia have approved the deal without conditions.

More From This Section

(Reporting by Foo Yun Chee; Editing by Emelia Sithole-Matarise)

Also Read

First Published: Oct 22 2018 | 5:19 PM IST

Next Story