EI DuPont de Nemours & Co. (DD)

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Dow Chemical, DuPont Reportedly In Advanced Merger Talks
Wire Reports Wednesday, Dec. 9, 2015, 12:21 a.m. Updated 6 hours ago
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Dow Chemical Co. and DuPont are in advanced merger talks, the Wall Street Journal reported Tuesday, citing people familiar with the matter.

The merger would be followed by a three-way breakup of the combined company, the sources told the Journal. A deal has not been finalized, and the talks could fall apart, the people said.

Dow Chemical Chief Executive Officer Andrew Liveris is expected to be executive chairman of the new company and DuPont's Edward Breen will remain CEO, according to the newspaper.

At the end of trading Tuesday, Dow Chemical was worth more than $60 billion, while DuPont's market capitalization was roughly $59 billion.

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 about $4.35 trillion worth of takeovers in 2015, in recent days eclipsing 2007 as the top year on record for deals, according to Dealogic.

It would form 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.




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