Abstract
The European Commission (EC), the governing body of the European Union, has given the green light for the $130 billion merger of Dow Chemical and DuPont to proceed. But the approval is contingent on major divestitures from DuPont’s pesticide business to preserve competition in the market. DuPont will be required to sell its nine-herbicide portfolio of products used on cereals, rapeseed, sunflowers, rice, and pasture grass. And it will have to find a buyer for its insecticides that target chewing and sucking insects in fruits and vegetables, including its recent blockbusters Rynaxypyr and Cyazypyr. The sales will include manufacturing facilities and employees. DuPont will also have to off-load almost all of its global R&D operations for pesticides, aside from those supporting businesses it is allowed to keep. The EC says it found evidence that combining R&D would have given the new company an incentive to discontinue some costly efforts to
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