Wednesday, June 8, 2016

Farm groups fear Dow-DuPont merger will raise prices

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.
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.
DuPont spokesman Dan Turner said the company expects regulators will thoroughly review the deal because of its size and complexity.

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