POST Online Media Lite Edition



 

Canada allows Dow, Dupont merger

Staff Writer |
Canada's Competition Bureau said it would allow a planned merger between DuPont and Dow Chemical after both firms agreed to dispose of some assets.

Article continues below






The announcement is similar to those made by U.S. and European Union regulators, who also allowed the merger to go ahead as long as the firms made divestitures they already have outlined.

"The agreement reached today ensures that consumers and businesses continue to benefit from a dynamic marketplace," competition commissioner John Pecman said in a statement.

DuPont will sell a significant part of its global herbicides business and research and development branch to FMC Corp.

Dow will sell its global business of certain specialized plastics products to SK Global Chemical Corp[SKENGC.UL], the Competition Bureau said in a statement.


What to read next

DuPont sells part of crop protection business to FMC for $1.2 billion
Dupont will no longer contribute to pensions to 13,000 workers
Europe regulators clear $62 billion Dow Chemical-DuPont merger