DuPont (DD) Announces Restructuring Initiative; See Pretax Charge of ~$780M

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Go back to DuPont (DD) Announces Restructuring Initiative; See Pretax Charge of ~$780M

DuPont (DD), Dow (DOW) Enter $130B Merger Agreement; Will be Named 'DowDuPont'

December 11, 2015 6:46 AM EST

DuPont (NYSE: DD) and The Dow Chemical Company (NYSE: DOW) announced that their boards of directors unanimously approved a definitive agreement under which the companies will combine in an all-stock merger of equals. The combined company will be named DowDuPont. The parties intend to subsequently pursue a separation of DowDuPont into three independent, publicly traded companies through tax-free spin-offs. This would occur as soon as feasible, which is expected to be 18-24 months following the closing of the merger, subject to regulatory and board approval.

The companies will include... More

Activist pressure helps reshape U.S. corporates, from Yahoo to Dow

December 10, 2015 7:18 PM EST

By Michael Flaherty

NEW YORK (Reuters) - Activist investors are building bigger stakes in bigger companies and their influence is helping reshape the landscape of corporate USA.

    Merger discussions between Dow Chemical (NYSE: DOW) and DuPont (NYSE: DD), two of the biggest and oldest names in the U.S. chemical industry, were prompted, at least in part, by activist investors.

They also played a role in Yahoo's (NASDAQ: YHOO) announcement to ditch the spinoff of its $32 billion stake in Chinese ecommerce... More