(Reuters) - Dow Chemical Co DOW.N and DuPont DD.N on Wednesday reaffirmed their expectation to close their merger in August.
Boards of both companies have jointly started a portfolio review and have engaged McKinsey & Company to assist in the assessment.
Alexander Cutler, lead director of DuPont, said, “If results of our review demonstrate there is net greater long-term value creation to be realized through a change in portfolio, it will be pursued.”
Canada’s Competition Bureau said on Tuesday it would allow a planned merger between DuPont and Dow after both firms agreed to dispose of some assets.
Reporting by Bhanu Pratap in Bengaluru; Editing by Bill Trott