Groups are calling on the Department of Justice to reject the deal to protect food supply
By Sarah Lazare, staff writer for Common Dreams. Published 12-11-2015
Watchdog groups are sounding the alarm after two of the oldest and largest corporations in the United States—DuPont and Dow Chemical—announced Friday plans to merge into a $130 billion giant, thereby establishing the world’s biggest seed and pesticide conglomerate.
The new behemoth, named DowDuPont, would then be split into “three independent, publicly traded companies through tax-free spin-offs,” according to a joint corporate statement marking one of the the largest deals of 2015.
These companies would focus on agriculture, material science, and “technology and innovation-driven Specialty Products company,” the statement continues. Together, they would form the second-largest chemical company world-wide. Continue reading