Wednesday, December 09, 2015 6:00:28 AM
Wire Reports Wednesday, Dec. 9, 2015, 12:21 a.m. Updated 6 hours ago
Click For Link
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.
Blessings to All
TRUTH
I've never claimed to have all the answers but feel i'm beginning to corner the market in questions worthy of them.
Recent DD News
- DuPont Commits to Net-Zero Emissions by 2050 • PR Newswire (US) • 09/19/2024 01:00:00 PM
- DuPont Launches Great Stuff™ Wide Spray Foam Sealant • PR Newswire (US) • 09/17/2024 01:02:00 PM
- DuPont FilmTec™ Nanofiltration Membranes Win 2024 Sustainability Technology of the Year • PR Newswire (US) • 09/17/2024 01:00:00 PM
- DuPont Announces 2024 Lavoisier Medal and Pedersen Award Recipients • PR Newswire (US) • 09/10/2024 02:00:00 PM
- DuPont™ Tyvek® Trifecta™ Wins 2024 R&D 100 Mechanical/Materials Award • PR Newswire (US) • 09/05/2024 08:00:00 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/04/2024 11:28:48 AM
- DuPont Performance Building Solutions Launches High-Performance Accessories Designed to Simplify and Streamline Installations of the ArmorWall™ System • PR Newswire (US) • 08/20/2024 01:00:00 PM
- DuPont Wins Two R&D 100 Awards • PR Newswire (US) • 08/15/2024 01:00:00 PM
- Form S-3ASR - Automatic shelf registration statement of securities of well-known seasoned issuers • Edgar (US Regulatory) • 08/12/2024 08:01:04 PM
- DuPont Recognized with Two Sustainability Awards from Business Intelligence Group • PR Newswire (US) • 08/06/2024 01:00:00 PM
- Futures Pointing To Continued Strength On Wall Street • IH Market News • 08/01/2024 01:07:37 PM
- U.S. Stocks Rally On Upbeat Earnings News, Rate Cut Optimism • IH Market News • 07/31/2024 08:44:24 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 07/31/2024 03:58:17 PM
- Upbeat Earnings News May Spark Early Rally On Wall Street • IH Market News • 07/31/2024 01:07:54 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 07/31/2024 10:07:06 AM
- DuPont Reports Second Quarter 2024 Results • PR Newswire (US) • 07/31/2024 10:00:00 AM
- AMD Shares Surge 9% on Earnings Beat; Match Group Rises 10%, Pinterest & Lemonade Drop 13%, and More Earnings Updates • IH Market News • 07/31/2024 09:59:10 AM
- Nasdaq Moves Sharply Lower As Tech Stocks Slump But Dow Moves Higher • IH Market News • 07/30/2024 08:53:52 PM
- DuPont Completes Acquisition of Donatelle Plastics Incorporated • PR Newswire (US) • 07/29/2024 11:00:00 AM
- DuPont Schedules Second Quarter 2024 Earnings Conference Call • PR Newswire (US) • 07/17/2024 08:00:00 PM
- DuPont™ Tyvek® Richmond Facility Achieves ISCC PLUS Certification • PR Newswire (US) • 07/09/2024 01:00:00 PM
- DuPont to Showcase Kalrez® Custom Parts Cutting-Edge Solutions at SEMICON West 2024 • PR Newswire (US) • 07/01/2024 02:00:00 PM
- DuPont Announces Regular Quarterly Dividend on Common Stock • PR Newswire (US) • 06/27/2024 08:05:00 PM
- Doordash and Deliveroo Terminate Talks; Universal Announces UK Theme Park Plan, and More News • IH Market News • 06/26/2024 11:08:35 AM
- DuPont to Acquire Donatelle Plastics Incorporated • PR Newswire (US) • 06/25/2024 01:00:00 PM
VHAI - Vocodia Partners with Leading Political Super PACs to Revolutionize Fundraising Efforts • VHAI • Sep 19, 2024 11:48 AM
Dear Cashmere Group Holding Co. AKA Swifty Global Signs Binding Letter of Intent to be Acquired by Signing Day Sports • DRCR • Sep 19, 2024 10:26 AM
HealthLynked Launches Virtual Urgent Care Through Partnership with Lyric Health. • HLYK • Sep 19, 2024 8:00 AM
Element79 Gold Corp. Appoints Kevin Arias as Advisor to the Board of Directors, Strengthening Strategic Leadership • ELMGF • Sep 18, 2024 10:29 AM
Mawson Finland Limited Further Expands the Known Mineralized Zones at Rajapalot: Palokas step-out drills 7 metres @ 9.1 g/t gold & 706 ppm cobalt • MFL • Sep 17, 2024 9:02 AM
PickleJar Announces Integration With OptCulture to Deliver Holistic Fan Experiences at Venue Point of Sale • PKLE • Sep 17, 2024 8:00 AM