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Europe Daily Bulletin No. 7710

5 May 2000
Contents Publication in full By article 24 / 47
GENERAL NEWS / (eu) eu/competition
Commission approves acquisition of Union Carbide by Dow Chemical (chemicals, plastics) after the parties make undertakings

Brussels, 04/05/2000 (Agence Europe) - The European Commission has agreed to the acquisition of Union Carbide (UCC) by Dow Chemicals, operation that will give rise to one of the world's largest manufacturers of plastics and chemical products, as long, however, as certain assets are sold. As a reminder, in August 1999, Dow Chemical had launched a friendly $11.6 bn shares swap bid for Union Carbide, operation that would have enabled it to increase its turnover by 30% to some $24 bn (on the...

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THE DAY IN POLITICS
GENERAL NEWS
ECONOMIC INTERPENETRATION