GFM Network News


BASF ready to snatch seed bargains as rivals sell assets

Ludwigshafen, Germany | Reuters — BASF will consider buying seed assets that rivals are putting on the block to win antitrust approval for tie-ups, saying bargain prices could persuade BASF to overcome its traditional reluctance to expand into the seeds industry. Sources familiar with BASF’s thinking have said that competition regulators looking at potential buyers […] Read more

Dow, DuPont to shed Canadian assets for merger approval

Competition for the Prairie farmer’s crop protection dollar will survive following the planned merger of chemical giants Dow and DuPont, by way of a handful of asset sales, Canada’s Competition Bureau has ruled. The federal antitrust watchdog on Tuesday announced it has an agreement with DuPont and Dow Chemical to head off what would otherwise […] Read more


Mexico gives conditional approval to Dow, DuPont merger

Mexico City | Reuters — Mexico’s antitrust watchdog said Tuesday it has given approval to DuPont and Dow Chemical to merge on the condition that they sell certain crop protection products and other assets. The asset sales required by Mexico’s Federal Economic Competition Commission (Cofece) is similar to what U.S. antitrust enforcers asked of the […] Read more

Dow, DuPont merger wins U.S. antitrust approval

Reuters — DuPont and Dow Chemical have won U.S. antitrust approval to merge on condition that the companies sell certain crop protection products and other assets, according to a court filing on Thursday. The asset sales required by U.S. antitrust enforcers were similar to what the companies had agreed to give up in a deal […] Read more


Crop chemical maker FMC aims for growth after DuPont deal

Reuters — Pesticide seller FMC Corp. will aim for its industry’s fastest revenue growth with the help of assets acquired from rival DuPont, even as farm markets struggle to recover, CEO Pierre Brondeau said on Monday. Philadelphia-based FMC will focus on increasing sales of crop chemicals developed internally, and avoid big acquisitions for a few […] Read more

Proposed Dow, DuPont merger gets conditional nod from China

Beijing | Reuters — China has conditionally approved the proposed merger between Dow Chemical 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 […] Read more


BASF still out for ag chem deals

Frankfurt | Reuters –– German chemicals giant BASF said it would continue to push for acquisitions to shore up its crop protection business, after the antitrust-related sale of assets from the merger of Dow Chemical and DuPont left it empty-handed. “We are generally interested in strengthening our business further, acquisitions are part of that, that […] Read more

DuPont profit beats on strong seed demand

Reuters – Chemicals and seeds producer DuPont , which is merging with Dow Chemical Co, reported a better-than-expected profit for the seventh straight quarter, helped by a rise in seed sales, sending its share up 3.5 percent. DuPont, which is merging with Dow Chemical Co, continues to expect to close its merger in August, Chief […] Read more


FMC buying much of DuPont’s crop protection business

FMC and DuPont have inked a deal that will see FMC pick up the portion of DuPont’s crop protection business the EU says must be divested for the DuPont-Dow merger to go ahead. In exchange DuPont will acquire FMC Health and Nutrition along with $1.2 billion (all figures U.S. funds) in cash. FMC will acquire […] Read more

Asset sale plan secures EU backing for Dow, DuPont merger

Reuters — Dow Chemical and DuPont won the blessing of the European Union for their US$130 billion merger on Monday by agreeing to sell substantial assets including key research and development activities. The European Commission had been concerned that the merger of two of the biggest and oldest U.S. chemical producers would leave few incentives […] Read more