The planned merger of DuPont Co. and Dow Chemical Co. remains on track to close by the end of this year, DuPont's chief executive said, as the companies negotiate with antitrust authorities overseeing major global markets.
Dow and DuPont have outlined potential remedies to European Union antitrust officials, while competition authorities in the U.S., China and Brazil also scrutinize the deal, DuPont CEO Ed Breen said Tuesday.
The merger, agreed on in December, would create a company with a combined market cap of about $122 billion before splitting it up into three separate entities focused on plastics and chemicals, agricultural seeds and pesticides, and specialty products like food ingredients and safety equipment.
Dow and DuPont have outlined potential remedies to European Union antitrust officials, while competition authorities in the U.S., China and Brazil also scrutinize the deal, DuPont CEO Ed Breen said Tuesday.
The merger, agreed on in December, would create a company with a combined market cap of about $122 billion before splitting it up into three separate entities focused on plastics and chemicals, agricultural seeds and pesticides, and specialty products like food ingredients and safety equipment.
For the full story, at Nasdaq.com, click here.
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