GE Offers Concessions For EU Approval Of $4.3B Avio Buy

Law360, New York (June 13, 2013, 1:57 PM EDT) -- European regulators on Thursday extended an approval deadline for General Electric Co.’s proposed $4.3 billion acquisition of Italian aerospace services company Avio SpA from U.K. private equity firm Cinven, after the Connecticut-based conglomerate offered up a list of concessions it is willing to make.

The European Commission, charged with approving takeovers affecting companies in the European Union, will deliver a decision on the deal by July 2, tacking an extra two weeks onto its original June 18 due date. In line with its standard protocol, the...
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