Asset sales plan secures EU backing for $130 billion Dow, DuPont


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Asset sales plan secures EU backing for $130 billion Dow, DuPont merger

The Dow logo is seen on a building in downtown Midland, Michigan, in this May 14, 2015 file photograph. Rebecca Cook/File Photo

(Reuters) – Dow Chemical and DuPont won the blessing of the European Union for their $130 billion merger on Monday by agreeing to sell substantial assets including key research and development activities.

The European Commission had been concerned that the merger of two of the biggest and oldest U.S. chemical producers would leave few incentives to produce new herbicides and pesticides in the future. The deal is one of a trio of mega mergers that will reshape the industry and consolidate six companies into three.

Asset sales would ensure competition in the sector and benefit European farmers and consumers, the Commission said.

“We need effective competition in this sector so companies are pushed to develop products that are ever safer for people and better for the environment,” European Competition Commissioner Margrethe Vestager said in a statement.

“Our decision today ensures that the merger between Dow and DuPont does not reduce price competition for existing pesticides or innovation for safer and better products in the future.”

The two other big deals in the industry are ChemChina’s [CNNCC.UL] $43 billion bid for Syngenta and Bayer’s acquisition of Monsanto.

Dow and DuPont said they were still on target for $3 billion in cost synergies and $1 billion in growth benefits.

The deal is still to be approved by regulators in the United States, Brazil, China, Australia and Canada, but the companies said they were confident of clearance in all remaining jurisdictions.

“This regulatory milestone is a significant step toward closing the merger transaction, with the intention to subsequently spin into three independent publicly traded companies,” Dow spokeswoman Rachelle Schikorra said in an email.

The EU approval may be a sign that U.S. regulators would follow suit because the agencies have traditionally coordinated on reviews and remedies for large multinational mergers, said Diana Moss, president of the American Antitrust Institute non-profit group.

However, any required asset sales would likely reflect antitrust concerns in the local marketplace.

“In the U.S. there are very high shares in corn and soybean seeds. We would expect those problems to be significant enough for enforcers in the U.S. to remedy them,” Moss said.

Weighty Decision

DuPont products are shown for sale in a hardware store in National City, California, December 9, 2015. Mike Blake/File Photo

The 1,000-page decision underlined the significance of the merger. In return for the EU green light, DuPont will divest large parts of its global pesticides business, including its global research and development organization.

The unit makes herbicides for cereals, oilseed rape, sunflower, rice and pasture and insecticides for insect control for fruits and vegetables.

Dow, in turn, will sell two acid co-polymer manufacturing facilities in Spain and the United States, as well as a contract with a third party through which it buys ionomers. The company has already found a buyer in South Korea’s SK Innovation.

“The main surprises here are the inclusion of the pesticides and the exclusion of any kind of seed assets,” Bernstein analysts wrote in a note. The analysts also said they had expected EU to be concerned about the concentration of seed sales, and that they would require Dow to divest its corn seeds business.

European Competition Commissioner Margrethe Vestager holds a news conference after Dow Chemical gained conditional EU antitrust approval on Monday for their $130 billion merger by agreeing to significant asset sales, one of a trio of mega mergers that will redraw the agrochemicals industry, in Brussels, Belgium March 27, 2017. Yves Herman

“We see the required divestments here as smaller than we originally expected, due to the exclusion of seed assets”.

Antitrust experts said the regulator’s demand to sell large swathes of R editing by Robin Emmott/Keith Weir/Sriraj Kalluvila

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10/09/2017

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Smoking and Asthma: Tobacco, Second-Hand Smoke, and More #smoking, #asthma, #asthma


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Smoking and Asthma

Smoke from cigars. cigarettes, and pipes harms your body in many ways, but it is especially harmful to the lungs of a person with asthma. Tobacco smoke is a powerful trigger of asthma symptoms .

How Does Tobacco Smoke Trigger Asthma?

When a person inhales tobacco smoke, irritating substances settle in the moist lining of the airways. These substances can cause an attack in a person who has asthma .

In addition, tobacco smoke damages tiny hair -like structures in the airways called cilia. Normally, cilia sweep dust and mucus out of the airways. Tobacco smoke damages cilia so they are unable to work, allowing dust and mucus to accumulate in the airways.

Smoke also causes the lungs to make more mucus than normal. As a result, even more mucus can build up in the airways, triggering an attack.

Is Secondhand Smoke Harmful to a Person With Asthma?

Secondhand smoke is the combination of smoke from a burning cigar or cigarette and smoke exhaled by a smoker.

Inhaling secondhand smoke, also called “passive smoke” or “environmental tobacco smoke,” may be even more harmful than actually smoking. That’s because the smoke that burns off the end of a cigar or cigarette contains more harmful substances (tar, carbon monoxide. nicotine, and others) than the smoke inhaled by the smoker.

Secondhand smoke is especially harmful to people who already have asthma. When a person with asthma is exposed to secondhand smoke, he or she is more likely to experience the wheezing. coughing. and shortness of breath associated with asthma.

Can Smoking Harm My Child?

Secondhand smoke harms children with asthma even more than adults.

When a child is exposed to tobacco smoke, his lungs become irritated and produce more mucus than normal. Since children’s airways are smaller, the side effects of secondhand smoke affect them faster and can also affect lung function in later life.

Children of parents who smoke are also more likely to develop lung and sinus infections. These infections can make asthma symptoms worse and more difficult to control.

Can Smoking Harm My Unborn Child?

Smoking harms an unborn child in many ways. Nicotine, the addictive substance in tobacco products, is carried through the mother’s bloodstream directly into the baby.

Children of mothers who smoked during pregnancy are more likely to have lung problems and are 10 times more likely to develop asthma. Smoking during pregnancy has also been linked with low-birth weight newborns, premature births, and sudden infant death syndrome (SIDS).

Continued

How Can Tobacco Smoke Be Avoided?

Ways to reduce exposure to tobacco smoke include:

  • If you smoke, quit. Quitting isn’t always easy, but there are many programs and methods to help. Ask your health care provider to help you find the one that is best for you. If your spouse or other family members smoke, help them understand the dangers of smoking and encourage them to quit.
  • Do not allow smoking in your home or your car.
  • Do not let anyone smoke around you or your child.
  • Avoid restaurants and public places that permit smoking.

WebMD Medical Reference Reviewed by William Blahd, MD on May 21, 2016

Sources

SOURCES:
American Academy of Allergy, Asthma Immunology: “No Butts About It: Smoking Makes Asthma Worse.”

American Lung Association: “What Is Lung Cancer?”

U.S. Environmental Protection Agency: “Indoor Environmental Asthma Triggers – Secondhand Smoke.”

© 2016 WebMD, LLC. All rights reserved.


03/08/2017

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Electronic parts and equipment also EBAY store #electronic #supplies, #miniature #tools,


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Electronic Distributing
DBA

Skagit Whatcom Electronic Supply Inc
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EST. 1962
(Pronounced Skajit after the local county)

Also known as. ELECTRONIC SUPPLY CENTER is a general-line distributor supplying electronic parts, equipment and supplies to government, industry, maintenance, repair facilities and OEM’s. We also supply sound system and network installers, students, proto-typers, hobbyists, engineers, colleges and private or governmental agencies in the business of vocational rehabilitation as it applies to the electronic industry and electronic technology in general.

Contact Information

STORE HOURS of OPERATION: 8:30 – 5:30 M-F (Pacific Standard Time)

Check out our latest stuff on Ebay.
Click the link below.

Our EBAY STORE is open 24/7
(E-Bay Store Here) !

Postal FedEx Address:
(UPS is shipped every day by approx 2:30pm)

Skagit Whatcom Electronics
620 West Division
Mount Vernon, WA 98273

A Very Cool Store

Voice: 360-336-3073
FAX: 360-336-5214

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We accept Master Card or
VISA

The old Boss -Tony
Out West


28/07/2017

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