DuPont (DD) Announces Restructuring Initiative; See Pretax Charge of ~$780M
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December 11, 2015 6:46 AM EST
DuPont (NYSE: DD) and The Dow Chemical Company (NYSE: DOW) announced that their boards of directors unanimously approved a definitive agreement under which the companies will combine in an all-stock merger of equals. The combined company will be named DowDuPont. The parties intend to subsequently pursue a separation of DowDuPont into three independent, publicly traded companies through tax-free spin-offs. This would occur as soon as feasible, which is expected to be 18-24 months following the closing of the merger, subject to regulatory and board approval.
The companies will include... More
December 10, 2015 7:18 PM EST
By Michael Flaherty
NEW YORK (Reuters) - Activist investors are building bigger stakes in bigger companies and their influence is helping reshape the landscape of corporate USA.
   Merger discussions between Dow Chemical (NYSE: DOW) and DuPont (NYSE: DD), two of the biggest and oldest names in the U.S. chemical industry, were prompted, at least in part, by activist investors.
They also played a role in Yahoo's (NASDAQ: YHOO) announcement to ditch the spinoff of its $32 billion stake in Chinese ecommerce... More
