In December last year the company reported that the transaction will close in the second half of 2016.
In March it was reported that US regulators asked for more information regarding the merger of petrochemical companies of DuPont and Dow Chemical, which would prolong the consideration of the transaction by antitrust authorities.
On the merger of the two largest chemical companies in the US it became aware December 9, 2015. DowDuPont may become world’s second largest chemical company after the German concern BASF.
As a result of the merger of Dow Chemical and DuPont is worth USD103 billion. The companies said will be established that before the merger plan to cut annual costs USD3 billion.
Dow Chemical – US diversified chemical company headquartered in Midland, Michigan. It is the largest manufacturer of polymer products, including polystyrene, polyurethane, polyethylene, polypropylene and synthetic rubbers. The company produces more than five thousand products at 188 manufacturing facilities in 37 countries.
DuPont – the American chemical company, one of the largest in the world. The company is the inventor of many unique polymer and other materials, such as neoprene, nylon, Teflon, Kevlar, Mylar, Tyvek, etc. In Russia, DuPont owns a factory “DuPont Khimprom”, and in 2006 formed a joint venture “DuPont – Russian Coatings”. A company “Russian paints”.