Slaughter And May Rep Emerson In $1.5B Chloride Buy

Law360, New York (August 24, 2010, 5:21 PM EDT) -- The European Commission gave its approval Tuesday for Emerson Electric Co. to acquire the U.K.-based powers-systems maker Chloride Group PLC for $1.5 billion, saying the deal would not have a significant impact on competition in Europe.

The commission gave its blessing despite the overlap of the two companies' products. “The merged entity would continue to face strong competition from a number of credible competitors in all national markets affected by the concentration," a commission statement said. “Therefore, the commission concluded that the proposed transaction does not...
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