NEW YORK ( TheStreet) -- The UK's competition overseer has requested that the European Commission investigate the UK aspects of consumer goods behemoth P&G's ( PG) plan to acquire Sara Lee's ( SLE) air care business.

The Office of Fair Trading says that it makes sense for the European Commission to take on a single investigation of the proposed P&G-Sara Lee deal, given that it qualifies for investigation by many European Union states, potentially including the UK.

In December, P&G said it would buy Sara Lee's Ambi Pur air freshener brand for euro 320 million, or $470 million, and that it expected the deal to close in its fiscal year ending June 30, 2010. P&G said the acquisition would strengthen P&G's global leadership in home care and, specifically, air care.

P&G stock is up 0.5% at $63.90 in Wednesday trading, while Sara Lee is flat at $14.

-- Reported by Andrea Tse in New York


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