The Dow Chemical Co. and DuPont 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 and will reportedly have a combined market capitalization of approximately $130 billion. DowDuPont will spin off into three independent and publicly traded companies, reportedly within18-24 months following the closing of the merger.

The new companies will reportedly include a leading global pure-play agriculture company; a leading global pure-play material science company; and a leading technology and innovation-driven specialty products company. Each business will reportedly have clear focus, an appropriate capital structure, a distinct and compelling investment thesis, scale advantages, and focused investments in innovation.

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Top 5 News that Sticks for December 13-19

1. Dow, DuPont to Combine in “Merger of Equals”

2. Bostik Opens Production Facility and Training Center

3. California Hot-Melt Adhesives Market to See Modest

4. Nordson Announces Polymer Processing Systems Personnel

5. DRT Continues Expansion into U.S.