Canada’s Competition Bureau said on Tuesday it would allow a planned merger between DuPont and Dow Chemical after both firms agreed to dispose of some assets.
The announcement is similar to those made by US and European Union regulators, who also allowed the merger to go ahead as long as the firms made divestitures they already have outlined.
“The agreement reached today ensures that consumers and businesses continue to benefit from a dynamic marketplace,” competition commissioner John Pecman said in a statement.
DuPont will sell a significant part of its global herbicides business and research and development branch to FMC. Dow will sell its global business of certain specialized plastics products to SK Global Chemical, the Competition Bureau said in a statement.
The bureau said the asset sales were needed to prevent a substantial lessening of competition in the supply and development of some crop protection products and specialized packaging plastics.
Full Content: Fox Business
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
Google and South Carolina Clash Over State Records Demand
May 8, 2024 by
CPI
Telefonica Germany Teams Up with Amazon Web Services to Migrate 5G Customers
May 8, 2024 by
CPI
Federal Judge Grants $7.4 Million Settlement in Pork Price-Fixing Case
May 8, 2024 by
CPI
Wilson Sonsini Bolsters Antitrust and Competition Practice with Key Partner Returns
May 8, 2024 by
CPI
EU to Scrutinize Telecom Italia’s Network Sale to KKR
May 8, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Economics of Criminal Antitrust
Apr 19, 2024 by
CPI
Navigating Economic Expert Work in Criminal Antitrust Litigation
Apr 19, 2024 by
CPI
The Increased Importance of Economics in Cartel Cases
Apr 19, 2024 by
CPI
A Law and Economics Analysis of the Antitrust Treatment of Physician Collective Price Agreements
Apr 19, 2024 by
CPI
Information Exchange In Criminal Antitrust Cases: How Economic Testimony Can Tip The Scales
Apr 19, 2024 by
CPI