EU investigation into $130-B Dow, DuPont deal resumes
11/9/2016 7:50:40 AM
Photo courtesy of Dow and Dupont.
(Reuters) Dow Chemical and DuPont have provided key data allowing EU antitrust regulators to resume scrutiny of their $130-B merger, the European Commission said Wednesday.
The EU competition enforcer stopped its investigation last month after the companies failed to submit crucial information.
"We have received the missing information and the clock has been re-started. The new deadline for the Commission to take a decision is 28 February, 2017," a Commission spokesman said in an email.
The Commission is worried the merger to create a giant in crop protection and seeds may reduce competition in these areas as well as certain petrochemicals.
Reporting by Foo Yun Chee; Editing by Mark Potter
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