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Dow and DuPont receive conditional regulatory approval in Brazil for proposed merger of equals
2017/05/20

-- Merger Remains on Track to Close between Aug. 1 and Sept. 1 --

WILMINGTON, Del. and MIDLAND, Mich., May 17, 2017 /PRNewswire/ -- DuPont (NYSE: DD) and The Dow Chemical Company (NYSE: DOW) announced that Brazil’s Administrative Council for Economic Defense (CADE) has granted conditional regulatory approval of their proposed merger of equals.

CADE’s approval of the merger is subject to the implementation of remedies that maintain the strategic logic and value creation potential of the transaction for all stakeholders. The remedies include the divestment of a select portion of Dow AgroSciences’ corn seed business in Brazil, including some seed processing plants and seed research centers, a copy of Dow AgroSciences’ Brazilian corn germplasm bank, the Morgan brand and a license for the use of the Dow Seeds brand for a certain period of time.

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