American multinational chemical corporation, Dow Chemical Co. is in late-stage talks to merge with DuPont Co., which provided solutions in the chemical industry, including valve solutions. This would mark one of the largest deals in the chemical industry to date.
The merger would create a chemical giant with a market value of more than USD $120 billion. The deal, which would face regulatory approval in several countries, would allow the two U.S. companies to reallocate and/or realign their assets based on their diverging fortunes.
The possible merger of the companies may see cost synergies to the tune of USD $3 billion, CNBC said, citing people familiar with the matter.