Dow, DuPont Try More Divestments in Seeking Merger Approval
|
Dow Chemical and DuPont say they are willing to make more business divestments as a way to nudge European regulators who remain wary of their proposed merger. The companies plan to join in a $62 billion deal and then break apart into three separate, publicly traded companies focused on agriculture, material science, and the production and sale of specialty products, respectively. Antitrust regulators remain hesitant, however. A spokesperson says among the concessions the companies are willing to make are the sale of part of DuPont's crop protection business — along with its associated research and development — and the sale of Dow Chemical's acid copolymers and ionomers business. The deadline for the European Commission to review the proposals has been extended to April 4.
|