Widex, Sivantos win EU approval for $8.3 billion hearing aid merger
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COPENHAGEN (Reuters) - Danish hearing aid maker Widex expects its merger with Germany's Sivantos to complete next month after getting European approval, creating the third-largest player in the industry.The companies plan to invest more in digital devices as a combined group and to step up their challenge on market leaders Sonova and William Demant.Sivantos, formerly known as Siemens Audiology, and Denmark's Widex said in May that they had agreed to form a company worth more than 7 billion euros..