February 8th morning news, according to reports, European regulators are increasingly aware of the Dow Chemical DuPont Co and a $60 billion merger plan, will damage the field of agricultural chemistry research and development expenditures, they are ready to send a formal objection to the two companies list.
Informed sources said:
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The EU will soon send to the two companies this week called the statement of objections, and proposed two innovative crop protection products manufacturers may hurt the industry’s concerns about the.
The European Union for the assessment process is not public, insider who requested anonymity. The worry also includes packaging, chemicals, seeds and related licensing matters.
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Informed sources said that the Dow and DuPont believes that innovation can solve the problem, does not interfere with the transaction. The two have been informed of the EU, any cost cuts would not lead to a reduction of only reduce duplication.
Why the European Union to suspend the audit?
The Dow and DuPont said that the merger of the two companies, and then split into three independent companies, respectively, focus on agriculture, material science and professional products, will bring $3 billion in cost synergies. After the two audit, suspended for more information to the two companies, the merger has been postponed to next year.
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