March 24, 1998 in Nation/World

Compaq Clears Hurdle

From Staff And Wire Reports

Compaq Computer Corp.’s $8.48 billion acquisition of Digital Equipment Corp. got the OK from the European Commission, clearing a hurdle to the computer industry’s biggest takeover.

The commission, the agency that enforces EU antitrust policy, cleared the acquisition without conditions.

Regulators have investigated whether the combination of No. 1 personal computer maker Compaq with Digital would limit rivals’ access to the burgeoning market for personal computers and services.

The takeover still needs U.S. Federal Trade Commission approval.

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