News
DOJ approves Dow/DuPont merger with conditions
The U.S. Justice Department has approved the proposed merger of Dow and DuPont with conditions. In a news release, the department said Dow and DuPont will be required to “divest multiple crop protection and two petrochemical products to proceed”, saying the merger is valued at about $130-Billion. It’s the first of three proposed ag company “mega” mergers to get antitrust approval.
The National Farmers Union calls the merger approval part of a disturbing consolidation trend in agriculture. NFU President Roger Johnson says the Dow and DuPont combination, along with other pending mergers, results in less competition for seed and crop protection business.
Add Comment