Dow Chemical, DuPont Submit Remedy Package to EU for Merger Approval
February 08 2017 - 5:29AM
Dow Jones News
By Natalia Drozdiak
BRUSSELS--Dow Chemical Co. (DOW) and DuPont Co. have offered to
sell businesses to gain approval from the European Union's
antitrust watchdog for their tie-up, a Dow spokeswoman said
Wednesday.
As part of their remedy package submitted to the EU on
Wednesday, the companies have 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, the spokeswoman said.
The European Commission, the bloc's competition regulator,
confirmed it had received the remedy package and that the deadline
to conclude the review into the merger has been extended until
April 4.
Dow and Dupont continue to expect the merger to close in the
first of half of this year, the spokeswoman said.
-Write to Natalia Drozdiak at natalia.drozdiak@wsj.com
(END) Dow Jones Newswires
February 08, 2017 05:14 ET (10:14 GMT)
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