DowDuPont al­ters its post-merger plans

Chemical Industry Digest - - News & Views -


the merger be­tween Dow and DuPont was an­nounced in Dec. 2015, the plan was to break up the new com­pany into three spinoffs: ma­te­rial sciences, agri­cul­ture and spe­cialty chem­i­cals. How­ever, due to grow­ing pres­sure from ac­tivist in­vestors, the com­pa­nies had a relook at cer­tain as­pects of the spinoffs.

Ac­cord­ing to re­ports, DowDuPont will now move sev­eral busi­nesses from the ma­te­rial sciences di­vi­sion to the spe­cialty-chem­i­cals com­pany that to­gether ac­count for $8 bil­lion in sales. The busi­nesses in­cluded in the move in­clude water pu­rifi­ca­tion and au­to­mo­tive sys­tems.

Dow Corn­ing, a sil­i­con tech­nol­ogy com­pany which was fully ac­quired by Dow last year, will also be bro­ken up into and sep­a­rated be­tween the ma­te­ri­als and spe­cialty chem­i­cals di­vi­sions.

Plans for the $14 bil­lion agri­cul­ture com­pany have not been al­tered.

The de­ci­sion to make the changes comes af­ter a con­sult­ing firm fin­ished a four-month re­view of the deal, which in­cluded talks with 25 of the com­pany’s big­gest share­hold­ers.

Newspapers in English

Newspapers from India

© PressReader. All rights reserved.