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EU: Regulators to rule on $130 billion Dow, DuPont deal by July 28

By  |  June 23, 2016
EU: Regulators to rule on $130 billion Dow, DuPont deal by July 28

Antitrust authorities will decide by July 28 whether to allow the $130 billion merger of US chemical company Dow Chemical and its rival DuPont, one of several large agribusiness deals. The companies requested approval on Wednesday, according to a filing on the European Commission website. DuPont and Dow hope to close the deal around October-November.

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    The EU competition enforcer can approve the deal with or without concessions or it can open a full-scale investigation of about five months should it have serious concerns about the merger’s impact on consumers and rivals.

    DuPont and Dow hope to close the deal around October-November. The US Department of Justice is also examining the proposed merger.

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