💎 Fed’s first rate cut since 2020 set to trigger market. Find undervalued gems with Fair ValueSee Undervalued Stocks

EU investigation into $130 billion Dow, DuPont deal resumes

Published 11/09/2016, 07:20 AM
Updated 11/09/2016, 07:30 AM
© Reuters.  EU investigation into $130 billion Dow, DuPont deal resumes
DOW
-
DD
-

BRUSSELS (Reuters) - Dow Chemical (N:DOW) and DuPont (N:DD) have provided key data allowing European Union antitrust regulators to resume scrutiny of their $130 billion merger, the European Commission said on 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.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.