Wilmington, Delaware and Des Moines,
Iowa
April 22, 1999DuPont
and Pioneer Hi-Bred International, Inc. today
announced that they have agreed to give the U.S. Department of Justice additional time to
complete its initial review of DuPont's proposed acquisition of the 80 percent of Pioneer
not currently owned by DuPont. This action means that the initial Hart-Scott-Rodino
waiting period is scheduled to expire on May 22, 1999.
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