Why Indias Competition Commission Must Stop the Dow and DuPont Merger
The Competition Commission of India (CCI) is currently assessingthe likely adverse effects on competition of the proposed merger of Dow Chemical Company (Dow) and E.I. du Pont de Nemours and Company (DuPont). If it goes through, the combined entity will likely be the worlds biggest chemical and materials company.
The two companies have submitted the necessary details of their merger plans to CCI in the prescribed Form IV. The CCI has consequently opened up the procedure for investigating the merger, as per the letter and spirit of Section 29 of the Competition Act of India.
But there are a dozen reasons and more why the combination of the two multinational corporations (MNCs) must be stopped.