DOJ requires divestitures to approve Dow-DuPont merger

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The Dow Chemical Co. (NYSE: DOW) and DuPont (NYSE: DD) have reached an agreement with the U.S. Department of Justice to clear another major regulatory hurdle. The DOJ agreed to approve the merger of equals as long as the companies divest multiple crop protection assets and two petrochemical products, according to a June 15 press release. However, the companies noted they already agreed to divest those assets to gain approval for the merger in the European Union. Without the divestiture, the DOJ…