Home Indiana Agriculture News DuPont CEO Sees Little Concern in Dow Merger

DuPont CEO Sees Little Concern in Dow Merger

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The pending merger between DuPont and Dow Chemical provide “very little” concert to regulators, according to DuPont CEO Edward Breen. The DuPont CEO told Reuters this week the merger, expected to close later this year, was unlikely to have significant asset sales. The two companies announced the planned merger late last year that would form a giant in the chemical and seed production industry. The merged company would have a market value of an estimated $95 billion at current share prices. Once complete, the new company would split into three businesses focused in agriculture, materials and specialty products.
However, some analyst say regulators are likely to be concerned with the combination of the two companies’ agricultural businesses. Meanwhile, DuPont on Tuesday announced the company was considering cutting cost by $730 million this year ahead of the merger with Dow.