After months of speculation and several attempts at consolidation in the agricultural chemical and crop input industry, two of the major players are reportedly in “advanced merger talks.”
Nothing has been announced or finalized, but both the Wall Street Journal and Reuters are reporting that Dow Chemical Co and DuPont are working on a merger that could be followed by a break-up of the combined company into several more focused businesses.
According to Bloomberg, the deal would create the world’s second largest chemical company behind BASF as well as the largest seed and pesticide company, passing Monsanto.
Monsanto made multiple bids to acquire rival Syngenta earlier this year, but the Swiss company rejected the offers, which were in the range of $45-47 billion (see links below).
- A High School Saga – The Courtship of Syngenta by Monsanto Appears to be Over
- What Does the Future Hold for Syngenta?
- Monsanto Courting Syngenta for a Possible Mega-Ag-Company Merger