BRUSSELS (Reuters) - EU antitrust regulators have set a May 8 deadline to decide whether to allow Italian cable maker Prysmian 's (MI:PRY) $3 billion (2.13 billion pounds) acquisition of U.S. peer General Cable (N:BGC).
Prysmian , which sells cable to the energy and telecoms sectors, sought approval from the European Commission on March 28, a filing on the EU authority's website showed on Tuesday.
The Commission can clear the deal with or without concessions or it can launch a four-month investigation if it has serious concerns the takeover may hurt rivals and customers.
The takeover gained unconditional clearance in the United States on March 9.