The DuPont-Dow Chemical merger is back in the media after the European Union antitrust regulators had to push back the ongoing review.
According to Fox News, DuPont indicated on Tuesday that its $130-billion merger with Dow will take longer to wrap up than previously expected as the companies await regulatory approvals.
This is the second time that the companies have had to push back the expected completion. The EU regulators have now set a March 14 deadline.
In reports from Reuters, a Dupont company executive said on a post-earnings call that regulators were mainly concerned about the companies’ crop protection businesses and DuPont “has been focused on a remedy package.”
The DuPont-Dow Chemical merger announced in December 2015, will still have to be approved by the U.S. Justice Department, which is also being lobbied to step in on the American front regarding the antitrust impacts of such a partnership. The companies had hoped the merger would close first quarter but now isn’t likely until the first half of the year.
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