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Europe Daily Bulletin No. 7995

29 June 2001
GENERAL NEWS / (eu) eu/competition

28/06/2001 (Agence Europe) - According to sources close to the issue, GE has reportedly proposed a last minute compromise to the European Commission in the hope of seeing its merger with Honeywell accepted, a merger that the European Executive is preparing to block. The concessions would focus on the Gecas subsidiary, the stumbling block that had hampered discussions. The spokesperson for Commissioner Monti confirmed that new discussions were under way between the Commission and the parties,...

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