Dow Chemical And Dupont Are Merging And Investors Love It

Dow Chemical to merge with DuPont

Dow Chemical is in late-state merger talks with DuPont.

The massive $120 billion merger has thrilled investors who sent shares at both companies soaring at 8% in premarket trading.

The Wall Street Journal and Financial Times reported the merger plans overnight. According to those reports, the two companies plan to merger and then split themselves up again into three separate businesses.

Reports have cited unnamed people familiar with the negotiations. When asked about their plans the two companies said they do not comment on “rumors and speculations.”

Delaware-based DuPont and Michigan-based Dow Chemical are both worth about $58 billion.

The companies, which employs tens of thousands of workers, are responsible for the production of chemicals and plastics that are used in agriculture, electronics, and various other industries.

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Written by Jeff Springer

Jeff Springer

Jeff Spring is the Finance & Markets Editor at BusinessPundit.com. He's currently spending his days backpacking across Europe. While he may be living outside of the United States, he stays connected to American financial markets and M&A's more than is probably healthy for any single person. His love of a good book and a Bloomberg terminal can't be understated. He can be reached at JeffSpringer@BusinessPundit.com