Dow Chemical and DuPont in Advanced Talks to Merge
09 Dezember 2015 - 2:20AM
Dow Jones News
Dow Chemical Co. and DuPont Co. are in advanced talks to merge,
in a tie-up that would cap off the strongest year ever for
takeovers and come amid a surge of deal activity in the agriculture
industry.
The chemical giants, which have a market capitalization of about
$60 billion each, could announce a merger in coming days, people
familiar with the matter said. It would be followed by a three-way
breakup of the combined company, they said, a common approach to
mergers and acquisitions of late. Dow's Chief Executive Andrew
Liveris is expected to be executive chairman of the new company,
with DuPont Chief Executive Edward Breen keeping that title. A deal
has not yet been inked and the talks could fall apart, the people
cautioned.
Should it come to fruition, a combination of the companies would
be one of the biggest in a year marked by big deals. So far,
companies have struck some $4.35 trillion of takeovers in 2015, in
recent days eclipsing 2007 as the top year on record for deals,
according to Dealogic.
It would create a giant with more than $90 billion in combined
sales and strong positions in everything from plastics to
industrial chemicals and agriculture.
Under pressure from shareholders to slim down and focus on
faster-growing units, both companies have been restructuring their
businesses by shedding some of the products that made them
famous.
(END) Dow Jones Newswires
December 08, 2015 20:05 ET (01:05 GMT)
Copyright (c) 2015 Dow Jones & Company, Inc.
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