Dow Chemical and DuPont agreed to combine operations, creating a chemical and agricultural giant with a combined market value of about $130 billion. The deal itself — valued at $68.6 billion — is among the top 20 biggest mergers ever, USA Today reports.
The two companies will become DowDuPont. After completing the deal, they plan to split into three companies — one focused on agriculture, one on material science and one on specialty products. They estimated it would take up to two years to complete the tax-free split. Until then, shareholders of each company will hold 50% of the combined company.
Dow Chemical CEO Andrew Liveris will become executive chairman of the new entity, while DuPont CEO Edward Breen will become chair and CEO.
Click here to read the entire article.
Source: USA Today
Latest from Quality Assurance & Food Safety
- Chef Robotics Introduces Pat-Down Capability for Meal Presentation and Sealing
- USDA Launches Regenerative Pilot Program
- Indoor Ag-Con Adds Food Safety Track to Conference Lineup
- IDFA Recognizes Federal Officials for Support of U.S. Dairy Industry
- Tetra Pak Acquires Bioreactors.net
- Fresh Del Monte Receives Rabobank Leadership Award
- São Paulo Earns Guinness World Record for Largest Municipal Food Security Program
- KPM Analytics Releases Ready-to-Use NIR Calibration Packages
