EU Poised to Approve ZF-TRW Merger?

The European Commission is ready to conditionally approve the merger of ZF Friedrichshafen AG and TRW Automotive Holdings Corp. after ZF agreed to undisclosed conditions, according to Reuters.

Sources tell the news service the $13.5 billion (€12.2 billion) deal will receive the EC's "conditional phase one" approval. Neither company has commented on the nature of the concessions.