Wilmington, Delaware / Midland, Michigan – The European Commission (EC) has initiated a ‘phase II review’ for the proposed merger DuPont and Dow Chemical Co., the companies have announced.
The would-be partners said they had expected a “thorough review” and were working closely with relevant regulators, including the EC.
“The companies continue to believe the merger is procompetitive and good for customers and consumers,” said their joint statement issued 11 Aug.
Phase II reviews are standard to the review process for major transactions under EU merger regulations. This…