Mexico watchdog gives conditional approval to Dow, DuPont merger

06/27/2017 Reuters

Mexico’s antitrust watchdog said on Tuesday that it has given approval to DuPont (DD.N) and Dow Chemical Co (DOW.N) to merge on the condition that they sell certain crop protection products and other assets.

The asset sales required by Mexico’s Federal Economic Competition Commission (Cofece) is similar to what U.S. antitrust enforcers asked of the two companies and similar to what the firms had agreed to give up in a deal they struck with European regulators in March.

Cofece said Dow needs to sell its acid copolymers and ionomers businesses. The products are used to make food packaging and other goods. It asked DuPont to sell an insecticide business.

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