Recently, Dow Chemical and DuPont are going to have a merger to form the one of the leading chemical company on international level.
The overall stock goes with the values of the integrated company at USD130 billion. The new group is going to be carved up into 3 independent existences such as agriculture, specialty chemicals and materials.
Subsequent the merger, DuPont decided to cut employees by 10 percent.
Dow Chief executive Andrew Liver is can become executive chairman of the new company, Dow DuPont whereas DuPont’s CEO-Ed Breen is going to be his CEO.
“This dealing could be a game changer for our business and reflects the end result of a vision we’ve got had for over a decade to collect this 2 powerful innovation and material science leaders,” Liveris said in an exceedingly statement.
The statement more that the “highly synergistic transaction” was expected to supply run rate value synergies of around USD 3 billion and close to USD 1 billion in growth synergies.