The Rising Influence of Rising Affluence

[DewDiligence]

EU clears DOW-DD merger subject to divestitures:

https://www.wsj.com/articles/eu-clears-dow-dupont-deal-with-conditions-1490611991

The European Commission on Monday gave Dow and DuPont a green light for their deal on the condition they sell parts of DuPont’s global pesticides business and associated research and development, as well as Dow’s acid copolymers and ionomers business.

…DuPont’s planned pesticide divestiture would represent about $1.5 billion in annual sales, or about half DuPont’s overall pesticides business, and 15% of annual revenue generated by its broader agriculture business. Wells Fargo analysts estimated that DuPont may get $3 billion for the business.

…Dow and DuPont are in negotiations to divest the remedies as a whole package to a single buyer, according to people familiar with the matter.

The single buyer alluded to above could be BASF.