Delaware’s largest homegrown company could be merging with another international chemical manufacturing powerhouse.
The Wall Street Journal reports DuPont and Dow Chemical are in “advanced talks” to combine their operations. They report their assets are worth nearly $120 billion together.
Should the deal make it through the regulatory gauntlet of anti-trust laws, the new company plans on breaking up into three pieces: agricultural chemicals, specialty products and materials according to the New York Times.
Both companies have fended off activist investor takeover attempts during the past year.
The news also comes after DuPont named Edward Breen as their new President and CEO a month ago.
According to the Wall Street Journal, Dow Chemical’s head Andrew Liveris will be the executive chairman of the new company, with Breen remaining CEO.
No details have been finalized and talks are still in flux.
