Dow and DuPont, Two of America’s Oldest Giants, to Merge in Megadeal
Dow Chemical and DuPont, two of America’s biggest chemical companies, will merge and then split again into three companies, the companies said Friday.
The Washington Post reported the merger will result in an entity worth $130 billion.
“The resulting company, DowDuPont, will be split after 18 to 24 months via tax-free spin-offs into three independent, public companies focused on agriculture, including seeds and pesticides; materials, including coatings, plastics and industrial chemicals; and specialty products, including chemicals key to the electronics, biosciences and health industries,” The Post reports.
