The extension will help Unilever
The extension will help Unilever “to address any remaining issues with the commission,” company spokesman Flip Dotsch said in an e-mailed statement. He declined to say what remedies were offered.
Companies sometimes agree to sell units or make changes to business practices to alleviate regulators’ concerns that a deal could harm competition and result in price hikes. On Aug. 13, Unilever said it faced formal objections from the EU antitrust regulator for the 1.3 billion-euro ($1.7 billion) deal.
The commission, the 27-nation EU’s antitrust agency, previously extended its review of the transaction in June, saying the transaction “creates significant overlaps in a number of products” such as deodorants, skin cleansers and fabric-care goods. Unilever, the world’s second-largest consumer-goods maker, is seeking to buy the Sara Lee lines to further focus on international brands.
Unilever, the London- and Rotterdam-based maker of Dove soap and Lipton tea, said earlier this month it expected the purchase to be completed in the fourth quarter, later than the previously announced third-quarter target date.
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