Reading Time: 2 minutes Boston | Reuters — DuPont CEO Ed Breen said on Thursday the incoming administration of U.S. President-elect Donald Trump is not likely to have an impact on his company’s planned merger with rival Dow Chemical. While Trump was critical of other large mergers during the campaign, Breen said many U.S. Justice Department officials reviewing the […] Read more
Trump win unlikely to impact Dow deal, DuPont CEO says
Monsanto to bring DuPont corn treatment to East
Reading Time: < 1 minute A DuPont insecticide will be rolled into use next spring in Eastern Canada as a seed treatment on Monsanto’s DeKalb corn. The two companies on Tuesday announced they will market DuPont’s Lumivia insecticide seed treatment in Eastern Canada on seed corn for the 2017 sales season, as part of Monsanto’s Acceleron Seed Applied Solutions offerings. […] Read more
ChemChina reported ready for concessions to clinch Syngenta deal
Reading Time: 3 minutes Beijing/Zurich | Reuters — State-owned Chinese chemicals group ChemChina is ready to offer more concessions to win European Union antitrust approval for its US$43 billion bid for Swiss pesticide and seed group Syngenta, a source with direct knowledge of the process said. Clinching China’s biggest-ever foreign acquisition is taking longer than planned amid a flurry […] Read more
DuPont says Dow merger may get delayed
Reading Time: 2 minutes Reuters — DuPont raised its full-year adjusted profit forecast as it cuts costs ahead of its merger with Dow Chemical, but said the deal may not close by the end of this year as planned. Shares of DuPont, which reported a higher-than-expected quarterly profit on lower expenses and higher sales volumes, were marginally lower at […] Read more
Agricultural merger mania fuels fears among small seed sellers
Reading Time: 3 minutes Chicago | Reuters — The U.S. Justice Department is looking into concerns that global consolidation among major seed and agricultural chemical companies may squeeze supplies of the building blocks for widely used genetically modified seeds, a farm group told Reuters. The department has asked the American Soybean Association for details about how small and independent […] Read more
U.S. lawmakers skeptical of ag chemical, seed merger wave
Reading Time: 2 minutes Washington | Reuters — U.S. lawmakers expressed concern on Tuesday over a wave of mergers among companies that sell farmers their seeds, herbicides and insecticides, worrying that the deals could lead to higher prices and less innovation at a time of dropping farm incomes. Senator Richard Blumenthal, a Democrat from Connecticut, said the proposed mergers […] Read more
EU regulators halt Dow, DuPont merger review to gather data
Reading Time: < 1 minute Brussels | Reuters — European Union antitrust regulators have halted their scrutiny of Dow Chemical and DuPont’s proposed merger while the companies provide more information regarding their US$130 billion deal. The European Commission opened a full investigation into the case in August, concerned that the deal to create the world’s largest integrated crop protection and […] Read more
U.S. Senate judiciary committee to hold hearing on ag chem deals
Reading Time: < 1 minute Washington | Reuters — The U.S. Senate judiciary committee will hold a hearing in late September to discuss the mergers of Dow Chemical and Dupont as well as ChemChina’s purchase of Syngenta, committee chair Charles Grassley said in a statement Tuesday. Grassley, a Republican from the farm state of Iowa, has already expressed concern that […] Read more
EU regulators to investigate Dow, DuPont merger
Reading Time: < 1 minute Brussels | Reuters –– EU antitrust regulators have opened a full investigation into Dow Chemical and DuPont’s proposed US$130 billion merger, saying the deal may reduce competition in crop protection, seeds and some petrochemicals. The European Commission said the deal, which would create the world’s largest integrated crop protection and seeds company, may also hurt […] Read more
Monsanto, DuPont sign supply deal for dicamba
Reading Time: 2 minutes Chicago | Reuters –– U.S. seed and agrochemical companies Monsanto and DuPont said on Thursday they have signed a multi-year supply agreement for the weed killer dicamba in the U.S. and Canada. Under the deal, whose terms were not disclosed, Monsanto will supply its farm seeds and chemicals rival with the herbicide, which will be […] Read more
A message from April Stewart, Country Guide's Associate Editor
