U.S. Senate to hold hearing into Dow-DuPont merger
by Randall Chase, The Associated Press
The proposed monster merger between agri-chem giants DuPont and Dow is also being scrutinized by Justice Department and European antitrust authorities
Dow Chemical corporate headquarters in Midland, Mich. PHOTO: Dow Chemical
Committee Chairman Sen. Chuck Grassley, R-Iowa, said August 24 that Iowans are concerned that consolidation could result in higher production costs in an already declining agriculture economy.
The deal is being scrutinized by Justice Department and European antitrust authorities.
A DuPont spokesman said the company believes the merger will be good for customers and consumers, and that it continues to expect the deal to close this year.
Sen. Chris Coons, a Delaware Democrat who sits on the Judiciary Committee, said he doesn’t expect the hearing to raise any major impediments to the merger.
