ABB Ltd. and Thomas & Betts Corp. have announced that the European Commission has cleared ABB's proposed acquisition of Thomas & Betts.
The transaction has already been cleared by the U.S., Canadian and Turkish antitrust regulators. As announced on May 2, the merger also received approval by Thomas & Betts shareholders.
This EU antitrust clearance satisfies the last remaining regulatory condition to the acquisition. ABB and Thomas & Betts expect to close the transaction shortly.