WASHINGTON (AP) — DuPont and Dow have once again postponed their proposed $62 billion merger, saying they expect the deal to close in August.
The chemical giants’ merger has already been pushed back several times, as regulatory agencies in the U.S. and abroad scrutinize the deal.
When DuPont and Dow announced the merger in December of 2015, they expected it to close in the first half of 2016.
The latest delay comes as DuPont finalizes the sale of its crop protection business to FMC Corp. to meet European Commission requirements.
The European Union approved the deal last week, but it remains under review in the U.S.
Once merged, DuPont and Dow plan to spin off into three public companies, one focusing on agriculture, one on material science and one on specialty products.
- Posted April 04, 2017
- Tweet This | Share on Facebook
DuPont, Dow push back merger date to August
headlines Oakland County
- Annual Dinner & Meeting
- Federal court denies motion to reopen election lawsuit
- Longtime law professor known for her pioneering research honored with ABA Michael Franck Professional Responsibility Award
- Whitmer signs bipartisan bill to drive investment and job creation in local communities
- Leadership Webinar Series looks into ‘Courageous Conversations’
headlines National
- More lawyers—and clients—want to learn about sustainable development practices
- Top artificial intelligence insurance tips for lawyers
- Lawyer charged with illegally transmitting Michigan data after 2020 election
- Viral video shows former Rikers Island inmate as she learns she passed bar exam on first try
- How Sullivan & Cromwell is scrutinizing potential new hires after campus protests
- No separate hearing required when police seize cars loaned to drivers accused of drug crimes, SCOTUS rules