U.S. Senator wants "careful analysis" of pending Dow-DuPont merger
A senior U.S. Senator is asking federal anti-trust officials to investigate the planned merger of Dow Chemical and DuPont.
Stockholders for Midland, Michigan-based Dow Chemical and Delaware-based DuPont vote on the merger next month.
The merger would create a company worth $130 billion, though eventually, the plan is to divide it into three different companies, one of which would be based in Michigan.
Iowa Senator Charles “Chuck” Grassley is concerned about the current wave of consolidation in the agri-business industry. He is asking the Justice Department to give the merger “careful analysis”. Grassley is worried about the effect on farmers and smaller agri-business companies.
Kate Krepps with the Michigan Farm Bureau says the current wave of consolidation involving major agri-businesses is “a bit concerning.” But she says the farm bureau is not taking a position on the Dow-DuPont merger and will on “federal regulators to do a thorough job of evaluating the merger.”