DuPoint And Dow Chemical To Merge To Create Conglomerate Worth Over $120 Billion

Posted: Dec 9 2015, 5:54am CST | by , in News | Latest Business News


Dow Chemical Headquarters in Michigan
Photo credit: Reuters/Rebecca Cook

Both companies have not opened up on this officially – but insiders familiar with merger proceedings have disclosed that Dow Chemical and DuPoint are considering merging together to form a mighty chemicals company that might still split into various groups – but not without a combined worth of over $120 billion.

DuPoint has been around for the past 213 years, and it is produces chemicals and material products that are used by petrochemical, pharmaceutical, construction, and food industries.

Both DuPoint and Dow Chemicals are big companies, and their merger in the United States would require that they restrategize on reworking their fortunes – but the merger might be subject to regulatory control in other countries outside of the US.

Considering the fact that the plastics and chemical divisions of both companies have been doing so great, the agrochemical sections have been reporting lower sales in recent time. But it is expected that the merger might necessitate that the combined organization divide into major divisions for agrochemicals, specialty products, and material sciences among others.

The current CEOs of both companies might retain their jobs after the merger finally goes through. Andrew Liveris is the CEO of Dow Chemical and Edward Breen assumed leadership position at DuPoint in November after Ellen Kullman resigned in October.

While market experts note that the merger proceedings may cost up to $3 billion to scale through, Dow had a market valuation of $58.97 billion after trading closed on Tuesday and DuPoint had $58.37 billion valuation.

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The Author

<a href="/latest_stories/all/all/52" rel="author">Charles I. Omedo</a>
Charles is covering the latest discoveries in science and health as well as new developments in technology. He is the Chief Editor or Intel-News.




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