Dow, DuPont on Track to Win Merger Clearance From EU Regulators -- Sources
February 22 2017 - 12:12PM
Dow Jones News
By Natalia Drozdiak
BRUSSELS--Dow Chemical Co.(DOW) and DuPont Co. (DD) are on track
to win regulatory approval from the European Union's competition
watchdog after the companies earlier in February offered to sell
businesses to ease antitrust concerns, people familiar with the
matter said Wednesday.
The European Commission, the bloc's antitrust regulator, is
poised to clear the deal on the basis of the remedies the companies
offered, although the decision isn't yet fully finalized and some
aspects could still change, the people said.
In early February, Dow and DuPont offered to dispose of a
portion of DuPont's crop protection business and associated
research and development, as well as Dow's acid copolymers and
ionomers business.
In response, the EU's antitrust commissioner Margrethe Vestager
suggested she thought the remedies could work.
The EU had given itself until April 4 to decide on the deal,
though a green-light could come shortly before that deadline.
Write to Natalia Drozdiak at natalia.drozdiak@dowjones.com
(END) Dow Jones Newswires
February 22, 2017 11:57 ET (16:57 GMT)
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