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EU APPROVAL OF DOW DUPONT MERGER REMAINS ON TRACK
Dow Jones reports:

Dow Chemical Co. and DuPont Co. are on track to win regulatory approval from the European Union's competition watchdog after the companies offered to sell businesses to ease antitrust concerns, people familiar with the matter said Wednesday.

The European Commission, the bloc's antitrust regulator, is poised to clear the deal on the basis of the remedies the companies offered, although the decision isn't yet completed and some aspects could still change, the people said.

In early February, Dow (DOW) and DuPont (DD) offered to dispose of a portion of DuPont's crop protection business and associated research and development, as well as Dow's acid copolymers and ionomers business.

In response, the EU's antitrust commissioner Margrethe Vestager suggested she thought the remedies could work. The EU had given itself until April 4 to decide on the deal, though a green-light could come shortly before that deadline.


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