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EU OKs Emerson Takeover Bid of Chloride

Thu, 08/26/2010 - 12:20pm
PowerPulse.net

The European Union announced that it had approved a nearly US $1.5 billion bid by Emerson Electric to acquire British-based Chloride Group plc.

The European Commission said the deal would not significantly impede effective competition in the 27-nation bloc because the merged entity would still face "strong competition" in all national markets.

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