DuPont and Dow Chemical have reached a proposed agreement with the US Department of Justice’s antitrust division that would permit the proposed merger of equals to go ahead.
This agreement is the latest of many regulatory hurdles which the proposed merger has had to overcome. To gain antitrust approval from the European Union, DuPont is divesting some of its crop protection portfolio, while Dow is divesting its ethylene acrylic acid copolymers and ionomers business. The US agreement does not require any further divestitures.
To date, Dow and DuPont have obtained clearance in many jurisdictions, including approvals in the US, Europe, Brazil and China. The companies are working constructively with regulators in the remaining jurisdictions to obtain clearance for the merger and are making progress in fulfilling the requirements of the conditional approvals that have already been received.
Full Content: Rubber News
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