Maxtor and Quantum have been given the go-ahead to launch their Hard Disk Drive Group.

In the US, the Securities and Exchange Commission (SEC) has given the companies permission to proceed with the deal, and, because both companies have Europe-based operations, the European Commission has also rubber-stamped the merger.

The companies today filed a registration statement with the SEC, concerning shares to be issued and the arranging of a meeting for stockholders to approve the transaction.

The companies expect the transaction to be completed in the first quarter of 2001.