Grassley Urges DOJ To 'Analyze' $130B Dow-DuPont Merger
By Kurt Orzeck (June 14, 2016, 11:16 PM EDT) -- Sen. Chuck Grassley, R-Iowa, on Tuesday urged antitrust officials at the U.S. Department of Justice to "conduct a careful analysis" of The Dow Chemical Co. and DuPont's proposed $130 billion merger over concerns it could reduce competition in the agricultural biotechnology and seed industry.
In a letter to Renata Hesse, principal deputy assistant attorney general of the DOJ's Antitrust Division, Grassley said he was concerned the merger could decrease competition in a sector that has already seen a series of consolidations in recent years.
Dow and DuPont said in December that they had agreed to an all-stock merger of equals, which...
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