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Regulation

August 18, 1995| Times Staff and Wire Reports

EU to Look at Kimberly-Clark, Scott Deal: The European Commission said it will review the planned merger between U.S. companies Kimberly-Clark Corp. and Scott Paper Co. An EU executive said in a statement that the deal appeared to fall under the EU's merger regulation, under which it assesses the effects on competition of certain linkups between companies that have a significant presence on the European market. The two companies announced a $6.8-billion stock merger in July, saying they would form a global consumer products company operating under the Kimberly-Clark name. The combined companies will have $11 billion in revenues and brands ranging from Huggies diapers and Kleenex tissue to Scott and Viva paper towels.

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