BRUSSELS (Reuters) -Candy giant Mars has not offered remedies to EU antitrust regulators reviewing its proposed $36-billion takeover of Pringles maker Kellanova, an update on the European Commission website showed on Thursday.
The deadline for Mars to offer remedies was June 18.
Reuters reported on Wednesday that Mars was unlikely to offer remedies for now to address the EU competition enforcer’s concerns about its high market shares in some products in some European Union countries and its portfolio of strong brands.
People close to the matter said the EU antitrust watchdog will launch a full-scale investigation into the deal at the end of its preliminary review which finishes on June 25.
(Reporting by Foo Yun Chee)
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