Dow Chemical Co. is in late-stage merger talks with DuPont Co., people with knowledge of the matter said.Whether this happens or not, there will be mergers in agribusiness. The near-term future will not be kind to businesses in agriculture.
A deal could be announced as soon as this week, said the people, who asked not to be identified because the information is private. After the merger, the company would break into two or three businesses because of regulatory and other issues, the people said. There is no guarantee a deal will get done and talks could still fall apart, the people said.
A combination would create the world’s second-biggest chemical company behind BASF SE and the world’s biggest seed and pesticide company, surpassing Monsanto Co.
Representatives of both companies declined to comment.
Tuesday, December 8, 2015
Interesting News on the Agribusiness Front