DuPont and Dow Chemical announced on Thursday that their proposed merger has been approved by the U.S. Department of Justice. Dow Chair and CEO Andrew Liveris says he’s very pleased the DOJ approved the transaction. “With today’s DOJ clearance, we’ve taken a significant step forward in bringing together these two iconic enterprises,” he says. Ed Breen, Chair and CEO of …
The European Union has approved the Dow DuPont merger after the companies agreed to sell substantial assets including key research and development activities.
A Dow Jones report says the Dow and DuPont merger deal looks good for regulatory approval from European Union regulators. People familiar with the deal tell Dow Jones that the deal looks to be on track because the companies offered to sell some of their businesses to ease antitrust concerns.
DuPont says it needs an additional three months to complete merger activities with Dow. Regulators around the world are continuing to look over the deal that would combine the two U.S. chemical companies.
China’s National Chemical Corporation and Syngenta submitted formal remedies to the European Union this week in an attempt to win approval by regulators of ChemChina’s planned $43 billion takeover of Syngenta.
Iowa agribusiness leader Bruce Rastetter is a Republican mega-donor who wants the incoming Trump administration to block mergers in the works between large seed and chemical companies.
At least seven states have joined a federal antitrust probe of the planned merger between DuPont and Dow Chemical Company. A separate group of state attorneys generals are expected to join a probe of Bayer AG’s $66 billion plan to buy Monsanto.
Two agriculture industry mergers expected to be completed by the end of the year now look delayed into the early part of 2017. Dow Chemical and DuPont’s merger may be delayed until February, as European antitrust officials take more time to consider potential competition issues in pesticides and crop seeds, according to Bloomberg.
DuPont is planning to sell a company-owned herbicide business to reduce potential antitrust concerns to a $59 billion merger with U.S. competitor Dow Chemical Co.
The European Union has resumed investigations into the Dow-DuPont merger after the company’s submitted missing information requested by the EU antitrust authority.
The European Union’s antitrust regulator said the deadline for a review into the proposed Dow DuPont merger has been suspended because the companies have yet to turn in the required information.
Antitrust regulators in the European Union are opening a full investigation into the Dow-DuPont proposed $130 billion merger. The regulators say the deal may reduce competition in crop protection and seed markets.