Compaq says merger has European Commission okay

Compaq has moved one step closer to acquiring Digital with the announcement that the European Commission has approved the merger. The Houston-based company announced in January that it would buy Digital for $US9.6 billion in what is expected to be the industry's largest merger to date. As part of the regulatory approvals process, it had to notify the European Commission of its intent to buy Digital.

Compaq has moved one step closer to acquiring Digital with the announcement that the European Commission has approved the merger.

The Houston-based company announced in January that it would buy Digital for $US9.6 billion in what is expected to be the industry's largest merger to date. As part of the regulatory approvals process, it had to notify the European Commission of its intent to buy Digital.

The two companies issued statements saying the merger received Commission approval. A spokesman for European Commission competition chief Karel Van Miert confirmed the approval, according to the Dow Jones News Service.

The merger is expected to be completed by the end of June, pending approval by the US Federal Trade Commission and Digital shareholders, according to Compaq.

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