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Comment: Greiner gifted a smoother EU review for Recticel deal, but will it remain interested?

By Andrew Boyce ( December 10, 2021, 16:40 GMT | Comment) -- Austrian foam maker Greiner’s bid for rival Recticel should have a smoother path to EU approval now that the reluctant Belgian target has said it will sell off part of its foam business to US competitor Carpenter. But it also sparks questions: Will Greiner want to keep pursuing the hostile takeover given the changed dynamics, and what about the prospects of the Carpenter sale getting through antitrust scrutiny?Austrian foam maker Greiner’s bid for rival Recticel should have a smoother path to EU approval now that the reluctant Belgian target has said it will sell off part of its foam business. But it may also be a move that turns Greiner off the deal altogether....

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