May 02 11:10
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- China Gives Conditional Nod to Planned Dow, Dupont Merger
China has conditionally approved the proposed merger between Dow Chemical Co. and Dupont, the country’s Commerce Ministry said on Tuesday, a step forward for the deal whose closing has been repeatedly delayed by regulatory hurdles.
The merger was approved by EU antitrust regulators in March on the condition the companies divest assets and research and development facilities.
Regulators in the U.S., Brazil, Australia and Canada are yet to clear the deal, Reuters reported.