Dow-DuPont Merger Takes Major Step Forward

U.S. antitrust regulators have approved the $62 billion merger of the Midland-based Dow Chemical Company and  DuPont. The Justice Department said Thursday it would approve the deal if the companies sell off some herbicide and chemical units to preserve competition. The companies are already in the process of completing those sales.

The merger was originally announced in December 2015. It was expected to close in the first half of 2016, but was delayed several times as U.S. and foreign regulators conducted reviews. Once the merger is complete, the new company will spin off into three public companies: one focusing on agriculture, one on material science and one on specialty products.

The new company will be called DowDuPont and have dual headquarters in Midland and Wilmington, Delaware.

SHARE

RELATED CONTENT

Bat Tests Positive for Rabies in Bay County 12 Year Old’s Lemonade Stand Raises Funds for Veterans Weekly Farmers Market Available Thursday’s In Bay City Bay County Habitat Upgrades In Bay City Wrapping Up St. Mary’s Hospital Receives Hip and Knee Replacement Robot Frankenmuth Credit Union Expanding In Saginaw Township
Comments