EU Expected to Approve Dow-DuPont Merger, but Market Too Enthusiastic on Share Prices
Reuters has reported that the European Commission is set to approve the merger of Dow Chemical and DuPont. The last major remaining hurdle is antitrust approval from the U.S. Department of Justice. The Dow-DuPont news comes on the heels of a report that the European Union will also approve state-owned ChemChina's purchase of Swiss agrochemical giant Syngenta.We think the news increases the likelihood that the Dow-DuPont deal will eventually close, and we've raised the deal probability in our D...
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