DuPont and The Dow Chemical Co. recently confirmed that the European Commission (EC) has initiated a Phase II review for the proposed merger of equals. As stated previously, the companies expected a thorough review and are working closely with relevant regulators, including the EC. The companies continue to believe the merger is procompetitive and good for customers and consumers.
The Phase II review is a common next step in the review process for a transaction of this size and scope under EU Merger Regulation. Under this regulation, Phase II generally provides the commission with 90 working days to review the pending transaction. Dow and DuPont are expected to continue to work constructively with the commission to address their concerns and to obtain clearance for the merger.
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