DuPont & Dow Chemical Company to merge together

Q.  Board of which two countries approved a definitive agreement to merge the companies in an all stock deal on 11th December 2015?
- Published on 14 Dec 15

a. Microsoft Corp and HP
b. Apple and IBM
c. DuPont and Dow Chemical Company
d. None of the above

ANSWER: DuPont and Dow Chemical Company
 
BoD of DuPont and Dow Chemical Company on 11th December 2015 has approved a definitive agreement for merging the two companies in an all stock deal. Merged company will be named DowDuPoint and will have combined market cap of 130 billion dollars at announcement. Under the transaction terms, Dow shareholders will receive fixed exchange ratio of 1.00 share of DowDuPont for each Dow share. DuPont shareholders will receive fixed exchange ratio of 1.282 shares in DowDuPont for each DuPont share.

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