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Dow, DuPont complete $130 bln merger

Friday, September 01, 2017 - 01:00

Dow Chemical and DuPont completed their planned $130 billion merger to form DowDuPont. Catherine Koppel reports.

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Two giants - Dow Chemical and DuPont - completed their $130 billion merger. They officially formed a new company called DowDuPont. Its stock started trading on the New York Stock Exchange under a ticker "DWDP." Seth Goldstein, analyst at Morningstar: (SOUNDBITE) SETH GOLDSTEIN, CFA, BASIC MATERIALS EQUITY ANALYST AT MORNINGSTAR (ENGLISH) SAYING: "This merger will create value for shareholders. There should be significant synergies coming from the merger. I think the synergies will be less than the management's $3 billion cost savings annual estimate, however, I still think there will be over a billion of annual synergies, which should, over the long term, create value for shareholders." The company also plans to split into three parts - agriculture, materials science, and specialty products. The deal took about 21 months to complete, in part, because of the complex regulatory review process it underwent.

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Dow, DuPont complete $130 bln merger

Friday, September 01, 2017 - 01:00