BRUSSELS, July 29 (Reuters) - EU antitrust regulators
paused their investigation into candy maker Mars' $36 billion
bid for Pringles maker Kellanova ( K ) on Tuesday while they
await data requested from the companies.
The European Commission, which acts as the competition
watchdog for the 27-country bloc, last month opened a full-scale
investigation into the deal, warning that it could result in
price increases.
"The 'clock' in merger investigations can be suspended if
the parties fail to provide, in a timely fashion, an important
piece of information that the Commission has requested from them
within a prescribed deadline," the Commission said in an email.
The investigation will resume with a new decision deadline
once the companies have handed over the information. The
previous deadline was October 31.
The U.S. Federal Trade Commission approved the deal
unconditionally last month.