The European Union approves the merger of two major chemical and crop input companies.
According to Bloomberg, Dow Chemical Company and DuPont Company won approval from the EU to merge Monday. The merger is the first to win EU approval out of three mega-deals.
The other two deals include: Bayer taking over Monsanto and ChemChina buying Syngenta Ag. This would take six industry players to three in America, Germany and China. The Dow takeover of DuPont was announced a year ago. The merger is estimated at $77 billion. The U.S. must still approve the merger.