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Dow, DuPont Provide Update On $130 Billion Mega-Merger

Dow Chemical (DOW - Free Report) and DuPont (DD - Free Report) have provided an update on the status of their proposed $130 billion mega-merger. The companies noted that their boards have reaffirmed their support for the merger and have jointly commenced a comprehensive portfolio review aimed at capturing material value-enhancing opportunities.

The boards have also engaged McKinsey & Co. to assist the companies in the review process. Moreover, the lead independent directors of Dow and DuPont are working together to oversee the review. The board of the combined company is expected to assess the results of this review after the completion of the merger transaction.

Dow and Dupont recently secured clearance from Canada's Competition Bureau for the planned merger after they agreed to sell certain assets and businesses. Earlier this month, the companies received the U.S. antitrust approval for the merger. The companies, last...