Friday May 9, 12:52 PM
Ten Cate, Oranjewoud gain Dutch watchdog's approval for Edel Grass acquisition
AMSTERDAM (Thomson Financial) - Dutch competition authority NMa said on Friday it has approved Royal Ten Cate NV and Oranjewoud NV's proposed acquisition of synthetic turf company Edel Grass NV.
The NMa said no permit is needed
for the acquisition and that it informed the involved companies on April 29.
Any possible appeal must be lodged within six weeks, the NMa said.
Oranjewoud and Ten Cate said in December they have signed a letter of intent to acquire Edel Grass, adding that they expected the deal to close at the start of 2008.
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