DuPont-Dow Deal Gains Tentative Brazilian Anti-Trust Approval

DuPont and Dow announced today that Brazil’s Administrative Council for Economic Defense (CADE) has granted conditional regulatory approval of their proposed merger.

CADE’s approval hinges on the divestment of a select portion of Dow’s corn seed business in Brazil, including some seed processing plants and seed research centers, a copy of Dow AgroSciences’ Brazilian corn germplasm bank, the Morgan brand and a license for the use of the Dow Seeds brand for a certain period of time.

Dow and DuPont are aiming to close the merger deal between August 1 and September 1. Within 18 months of that – based on stated plans — the merged entity will spin itself off into three separate public companies that will focus on agriculture, materials science and specialty products.

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