Bay City, Michigan 48706
Front Page Photo of the Day Log-IN About us December 9, 2015
(Prior Story)   Business ArTicle 10216   (Next Story)
Sponsored by Bay Area Chamber of Commerce

DOWDUPONT: Dow Chemical Chief Liveris to Head Merged Firm

DowDuPont Seen Separating Into Three Companies

December 9, 2015       Leave a Comment
By: Dave Rogers

Printer Friendly Story View

Andrew Liveris, Dow Chemical CEO.

BREAKING NEWS: DuPont (NYSE:DD) and Dow (NYSE:DOW) signed a definitive deal in which they will combine in an all-stock merger of equals. Parties intend to subsequently pursue a separation of DowDuPont into three independent, publicly traded companies through tax-free spin-offs. DOW shareholders get a fixed exchange ratio of one share of DowDuPont for each Dow share, and DuPont shareholders get a fixed exchange ratio of 1.282 shares in DowDuPont for each DuPont share.

Andrew Liveris, Dow Chemical CEO, is expected to head any new firm emerging from current talks with Dupont about a merger of the giant global companies.

The Wall Street Journal said a 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.

Also, Chinese regulators are eyeing the potential deal warily, according to reports.

Liveris is expected to be executive chairman of the new company and DuPont's CEO Edward Breen will retain his position, according to the news reports.

Dow Chemical's value is ranked at more than $60 billion, while DuPont's market capitalization is about $59 billion.

The Dow-Dupont merger would create a chemical giant with more than $90 billion in combined sales in every­thing from plastics to industrial chemicals and agriculture.

Dow was founded in 1897 as a bleach producer in Midland, Michigan, while Dupont was formed in 1802 in Delaware as a gunpowder manufacturer. The two firms are among the best-known names in the chemicals business, Dow specializing in plastics and agricultural chemicals, while DuPont has pioneered products such as Kevlar and Teflon.

Both firms have come under attack from activist investors unhappy with their financial performances. Last year, Dow settled a brief but bitter dispute with Daniel S. Loeb, the billionaire who runs the hedge fund Third Point, by adding four independent directors.

And this May, DuPont survived a board challenge by corporate raider Nelson Peltz, dealing the billionaire financier his first loss since he opened his current firm, Trian Fund Management, a decade ago.

In both cases, Mr. Loeb and Mr. Peltz have argued that the chemical makers they were targeting suffered from corporate bloat and missed financial earnings targets. The two companies argued that they were taking steps to trim excess costs and improve their operations, as well as buy back shares and increase stock dividends.

Read more: Follow us: @triblive on Twitter | triblive on Facebook ###

Printer Friendly Story View
Prior Article

September 12, 2019
by: Kathy Rupert-Mathews
MOVIE REVIEW: "It Chapter Two" ... I Loved It
Next Article

August 26, 2019
by: Rachel Reh
River Jordan Ribbon Cutting is BACC Hot Spot for 8/26/2019
Agree? or Disagree?

Dave Rogers

Dave Rogers is a former editorial writer for the Bay City Times and a widely read,
respected journalist/writer in and around Bay City.
(Contact Dave Via Email at

More from Dave Rogers

Send This Story to a Friend!       Letter to the editor       Link to this Story
Printer-Friendly Story View

--- Advertisments ---

0200 Nd: 09-16-2019 d 4 cpr 0


(Ads not affiliated with Google)

Ads By
Begick Nursery and Garden Center

Ads By
Historical Press - By Dave Rogers
Purchase Your Copy Today!

Ads By
Bay Area Chamber of Commerce
Click Here to Visit Our Site!
Improving The Economic Climate, Business Environment & Quality of Living Throughout The Bay Area

Designed at OJ Advertising, Inc. (V3) (v3) Software by Mid-Michigan Computer Consultants
Bay City, Michigan USA
All Photographs and Content Copyright © 1998 - 2019 by OJA/MMCC. They may be used by permission only.
P3V3-0200 (1) 0   ID:Default   UserID:Default   Type:reader   R:x   PubID:mbC   NewspaperID:noPaperID
  pid:1560   pd:11-18-2012   nd:2019-09-16   ax:2019-09-20   Site:5   ArticleID:10216   MaxA: 999999   MaxAA: 999999
CCBot/2.0 (