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
- Whitmer signs gun violence prevention legislation
- Department of Attorney General conducts statewide warrant sweep, arrests 9
- Adoptive families across Michigan recognized during Adoption Day and Month
- Reproductive Health Act signed into law
- Case study: Documentary highlights history of courts in the Eastern District
headlines National
- Lawyer with muscular dystrophy shoots for the stars
- ACLU and BigLaw firm use ‘Orange is the New Black’ in hashtag effort to promote NY jail reform
- 9th Circuit allows 2 transgender girls to play on sports teams that align with their gender identity
- Nonlawyer entities could provide legal services in Washington in proposed pilot program
- Getting ready for retirement is easier than you think
- Judge settles suit accusing lawyer of threatening to release her intimate photos in bid to scuttle deposition