Three agriculture advocacy groups
have urged the U.S. Office of the Attorney General to challenge the
proposed merger between DuPont and Dow because of possible antitrust
violations.
have urged the U.S. Office of the Attorney General to challenge the
proposed merger between DuPont and Dow because of possible antitrust
violations.
Jeff Mordock reports in The News Journal:
The
American Antitrust Institute, Food & Water Watch and the National Farmers
Union last week sent a letter to U.S. Principal Deputy Attorney
General Renata Hess. The three groups alleged the merger would consolidate
an already shrinking industry, diminishing innovation, raise prices and reduce
choices for farmers and consumers.
“AAI,
F&WW and NFU believe that additional merger activity, including Dow-DuPont,
could harm innovation competition in two fundamental ways: by eliminating
head-to-head competition in important parallel-path R&D and by reducing the
field of rivals needed for pro-competitive stacking,” the organizations
wrote.
F&WW and NFU believe that additional merger activity, including Dow-DuPont,
could harm innovation competition in two fundamental ways: by eliminating
head-to-head competition in important parallel-path R&D and by reducing the
field of rivals needed for pro-competitive stacking,” the organizations
wrote.
DuPont
spokesman Dan Turner said the company expects regulators will thoroughly review
the deal because of its size and complexity.
spokesman Dan Turner said the company expects regulators will thoroughly review
the deal because of its size and complexity.
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