Widex’s and Sivantos’ application to the European Commission for approval of their planned $8 billion merger, has been reopened, according to a Reuters report.

The companies announced their plans to merge in May 2018, however, their application to the European Commission was withdrawn in October 2018. According to a Widex spokesperson who spoke with Reuters, the company plans for the merger to take place in the first quarter of 2019.

The Widex-Sivantos merger would give the combined company a global market share of about 24-25%.

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Source: Reuters