OMAHA, Neb. — The long-delayed $73 billion merger of chemical giants DuPont and Dow has been approved by U.S. antitrust regulators.
The Justice Department said Thursday it would approve the deal as long as the companies sell off some herbicide and chemical units to preserve competition. Those sales are already in the works.
DuPont will sell off some of its herbicide and insecticide products and Dow will unload a plastics packaging unit, according to a settlement filed Thursday in federal court in Washington. The companies said Thursday that they still expected the deal to close in August.