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Dow Chemical and Du Pont agree to merge

by ChemOrbis Editorial Team -
  • 11/12/2015 (17:21)
According to media reports, US- based chemical companies Dow Chemical and Du Pont have agreed to merge. The companies expect the merger to be completed by the second half of 2016 while the merger is subject to regulatory approvals and both companies’ shareholders consent. The new $130 billion company will be called as DowDupont.

Under the new agreement, Dow Chemical’s shareholders will get 1 share in the new company for each Dow share, while DuPont shareholders will have 1.282 shares for each DuPont share. Dow’s Chief Executive Andrew Liveris reportedly will be the executive chairman of the new combined company while DuPont Chief Executive Edward Breen will maintain his position as CEO.

The merger will eventually divide the combined company into three separate companies which will focus on agriculture, material sciences and specialty products, respectively.
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