Dow Chemical and DuPont Seek Merger, Then Three-way Split

Dow Chemical & DuPont to merge in an all-stock deal that would create a colossal chemical producer worth $130 bn.

The company name of Dupont appears above its trading post on the floor of the New York Stock Exchange (Photo: AP)

Dow Chemical and the DuPont will attempt to merge in an all-stock deal that would create a colossal chemical producer worth $130 billion, before splitting into three separate companies.

The deal announced Friday is being billed a merger of equals, to be called DowDuPont.

The plan is to then split DowDuPont into three companies, one focused materials, one on agriculture and the last on speciality products.

Dow CEO Andrew Liveris will become executive chairman of the newly formed DowDuPont board of directors.