WILMINGTON, Del., June 14, 2017 /PRNewswire/ -- DuPont
(NYSE: DD) today announced that the waiting periods for the approval of its transactions with FMC Corporation ("FMC") under the
Hart-Scott-Rodino Antitrust Improvements Act of 1976 have expired without a request for additional information and documentary
material by the U.S. Department of Justice. The expiration of the last of the two waiting periods occurred at 11:59 p.m. EST on June 9. The expirations satisfy certain conditions to the
closing of the proposed transactions with FMC, which include FMC acquiring a portion of DuPont Crop Protection business,
including certain research and development capabilities, and DuPont acquiring substantially all of FMC's Health & Nutrition
business.
DuPont continues to expect the FMC transactions to close in the fourth quarter of 2017, subject to the closing of the DuPont
and Dow merger, in addition to other customary closing conditions, including regulatory approvals.
About DuPont
DuPont (NYSE: DD) has been bringing world-class science and engineering to the global marketplace in the form of innovative
products, materials, and services since 1802. The company believes that by collaborating with customers, governments, NGOs,
and thought leaders, we can help find solutions to such global challenges as providing enough healthy food for people everywhere,
decreasing dependence on fossil fuels, and protecting life and the environment. For additional information about DuPont and its
commitment to inclusive innovation, please visit www.dupont.com.
Forward-Looking Statements:
This communication contains "forward-looking statements" within the meaning of the federal securities laws, including Section
27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. In this
context, forward-looking statements often address expected future business and financial performance and financial condition, and
often contain words such as "expect," "anticipate," "intend," "plan," "believe," "seek," "see," "will," "would," "target,"
similar expressions, and variations or negatives of these words. Forward-looking statements by their nature address matters that
are, to different degrees, uncertain, such as statements about the consummation of the proposed merger of equals transaction with
The Dow Chemical Company (the "DowDuPont Merger") and the proposed transaction with FMC and the anticipated benefits thereof.
These and other forward-looking statements, including the failure to consummate the DowDuPont Merger or the proposed transaction
or to make or take any filing or other action required to consummate such transactions in a timely manner or at all, are not
guarantees of future results and are subject to risks, uncertainties and assumptions that could cause actual results to differ
materially from those expressed in any forward-looking statements. Important risk factors that may cause such a difference
include, but are not limited to, (i) the completion of the DowDuPont Merger and the proposed transaction on anticipated terms and
timing, including obtaining regulatory approvals, anticipated tax treatment, unforeseen liabilities, future capital expenditures,
revenues, expenses, earnings, synergies, economic performance, indebtedness, financial condition, losses, future prospects,
business and management strategies for the management, expansion and growth of the new combined company's or the Health and
Nutrition business's operations and other conditions to the completion of the DowDuPont Merger and the proposed transaction, (ii)
the possibility that the DowDuPont Merger and the proposed transaction may not close, including because the various approvals,
authorizations and declarations of non-objections from certain regulatory and governmental authorities with respect to either the
DowDuPont Merger or the proposed transaction may not be obtained, on a timely basis or otherwise, including that these regulatory
or governmental authorities may not approve of FMC as an acceptable purchaser of the Ag business in connection with the proposed
transaction or may impose conditions on the granting of the various approvals, authorizations and declarations of non-objections,
including requiring the respective Dow, DuPont and FMC businesses, including the Health and Nutrition business (in the case of
DuPont) and the Ag business (in the case of FMC), to divest certain assets if necessary to obtain certain regulatory approvals or
otherwise limiting the ability of the combined company to integrate parts of the Dow and DuPont businesses and/or the DuPont and
Health and Nutrition businesses, (iii) the ability of DuPont to integrate the Health and Nutrition business successfully and to
achieve anticipated synergies, (iv) potential litigation or regulatory actions relating to the DowDuPont Merger or the proposed
transaction that could be instituted against DuPont or its directors, (v) the risk that disruptions from the DowDuPont Merger or
the proposed transaction will harm DuPont's business, including current plans and operations, (vi) the ability of DuPont to
retain and hire key personnel, (vii) potential adverse reactions or changes to business relationships resulting from the
announcement or completion of the DowDuPont Merger or the proposed transaction, (viii) uncertainty as to the long-term value of
DowDuPont common stock, (ix) continued availability of capital and financing and rating agency actions, (x) legislative,
regulatory and economic developments, (xi) potential business uncertainty, including changes to existing business relationships,
during the pendency of the DowDuPont Merger or the proposed transaction that could affect DuPont's financial performance, (xii)
certain restrictions during the pendency of the DowDuPont Merger or the proposed transaction that may impact DuPont's ability to
pursue certain business opportunities or strategic transactions and (xiii) unpredictability and severity of catastrophic events,
including, but not limited to, acts of terrorism or outbreak of war or hostilities, as well as management's response to any of
the aforementioned factors. These risks, as well as other risks associated with the DowDuPont Merger or the proposed transaction,
are or will be more fully discussed in (1) DuPont's most recently filed Form 10-K, 10-Q and 8-K reports, (2) DuPont's
subsequently filed Form 10-K and 10-Q reports and (3) the joint proxy statement/prospectus included in the Registration Statement
filed with the SEC in connection with the DowDuPont Merger. While the list of factors presented here is, and the list of factors
presented in the relevant Form 10-K, 10-Q and 8-K reports and the Registration Statement are, considered representative, no such
list should be considered to be a complete statement of all potential risks and uncertainties. Unlisted factors may present
significant additional obstacles to the realization of forward-looking statements. Consequences of material differences in
results as compared with those anticipated in the forward-looking statements could include, among other things, business
disruption, operational problems, financial loss, legal liability to third parties and similar risks, any of which could have a
material adverse effect on DuPont's consolidated financial condition, results of operations, credit rating or liquidity. DuPont
assumes no obligation to publicly provide revisions or updates to any forward-looking statements, whether as a result of new
information, future developments or otherwise, should circumstances change, except as otherwise required by securities and other
applicable laws.
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SOURCE DuPont