Deals
Dow-DuPont Beset by Delays as EU Demands Missing Deal Info
- EU suspends merger review deadline for the third time
- Watchdog sought missing information in previous suspension
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Dow Chemical Co. and DuPont Co. face further delays to their plan to create the world’s biggest chemical company after the European Commission demanded more information about the $59 billion tie-up.
The European Union’s merger regulator “stopped the clock” in its in-depth investigation on Oct. 13, the watchdog said in an e-mail on Friday. This happens “if the parties do not provide an important piece of information that the commission has requested.”