Deals
Dow-DuPont Deal Wins Conditional Antitrust Approval From EU
- DuPont to divest pesticides to eliminate antitrust concerns
- Deal is first in agrochemical merger wave to win EU approval
Dow-DuPont's $77 Billion Deal Wins EU Approval
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Dow Chemical Co. and DuPont Co. won European Union approval for a $77 billion merger, overcoming regulators’ concerns with hefty concessions, including the sale of large parts of DuPont’s global pesticide business.
The takeover, announced a year ago, is the first to win EU approval out of a trio of mega-deals that would reshape the global agrochemicals industry. The transactions, including Bayer AG’s plan to buy Monsanto Co. and China National Chemical Corp.’s agreement to buy Syngenta AG, would whittle down six industry players to three behemoths in America, Germany and China.