Edward Breen (left), chairman and CEO of DuPont, and Andrew Liveris, president chairman and CEO of Dow.
UPDATED 11:29 EST with photo, new company name, worldwide ranking. As of this morning, Dow Chemical, parent company of Dow AgroSciences, and DuPont have agreed to merge their companies. The $130 billion deal will eventually spin them into three separate companies, likely over a two-year period.
The combined company will be known as DowDuPont. The two companies, which generated a combined $92 billion in sales last year, would be the second-largest chemical company in terms of revenue after BASF of Germany, according to The New York Times.
Pest Management Professional will bring updates to this story and what impact it might have on the pest management industry. In the meantime, here are links to three major news outlets giving their analysis to the deal overall:
Dow Chemical and DuPont Set Merger and Plans to Split
Dow Chemical and DuPont Announce Mega-Merger
DuPont, Dow Chemical Agree to Merge, Then Break Up Into Three Companies