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Home  > Markets & companies  > DuPont and Dow confirm merger plans

Sunday, 22 September 2019
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Markets & companies

DuPont and Dow confirm merger plans

Monday, 14 December 2015

Dow and DuPont, the US chemical giants confirmed the all-stock deal, which they said would create a new entity named DowDuPont with a market capitalization of USD 130 million.

The transaction, subject to approval by cartel authorities in a number of countries, is planned to be completed in the first half of 2016. Source: MS ClipArt
The transaction, subject to approval by cartel authorities in a number of countries, is planned to be completed in the first half of 2016. Source:...

The transaction, subject to approval by cartel authorities in a number of countries, is planned to be completed in the first half of 2016. It would create the world’s largest producer of seeds and industrial chemicals as well as the third largest in crop protectants.

Initially, the combined group would have three divisions, Agriculture, Material Science and Specialty Chemicals. Within 18-24 months, all three would be carved out in individual tax-free spin-offs. Of the three carve-outs, the Material Sciences company, composed of Dow’s bulk products and DuPont’s Performance Materials division, including plastics and elastomers activities, would be the biggest, with pro forma annual sales of USD 51 billion based on 2014 figures. Following at some distance, Agriculture would have sales of USD 18 billion and Specialty Materials with sales of USD 12 billion from activities in health & nutrition as well as electronic materials, the smallest.

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