European Commission approval for Jacobs Douwe Egberts deal

Mondelez International (NASDAQ:MDLZ) and D.E. Master Blenders (OTC:DEMBF) land conditional approval from the European Commission on their proposed merger after agreeing to divest a few brands in certain regions.
The newly-created Jacobs Douwe Egberts is expected to strike revenue of more than €5B ($5.56B).
Pierre Laubies will be the pure play coffee company's CEO.