EU probes $130bn Dow-DuPont chemicals merger - iData Insights Studies

The European Commission is launching a probe into the $130bn mega-merger between US titans Dow Chemicals and DuPont.
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EUROPE, U.K. - Aug. 13, 2016 - PRLog -- Competition commissioner Margrethe Vestager said she wants to make sure the deal does not harm customers.
"The livelihood of farmers depends on access to seeds and crop protection at competitive prices," she said.
"We need to make sure that the proposed merger does not lead to higher prices or less innovation for these products."
The companies said they "continue to believe the merger is pro-competitive and good for customers and consumers."
The deal is expected to see the firms come together before being split into three companies. One will focus on agriculture, another on material sciences including plastics, and the third on specialty products such as nutrition.
Such a radical restructuring will take up to two years to complete following the closing of the deal, the firms believe.
- Telegraph.co.uk

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