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In December of last year, the US chemical giant Dow Chemical announced a merger with DuPont, but "half the way", another chemical industry giant BASF is evaluating the possibility of bidding for DuPont
.
Bloomberg quoted people familiar with the matter as saying that the German chemical giant BASF is cooperating with consultants and banks to evaluate the possibility of it again making an offer to DuPont
.
BASF has not yet made a decision on whether or not to bid, so it has not yet officially contacted DuPont
.
According to the British "Financial Times", BASF has hired Deutsche Bank and Citibank to carry out this work, but due to suspected antitrust investigations, BASF is less likely to bid
.
A former BASF consultant said that it is more likely that BASF will acquire assets that Dow Chemical and DuPont have divested through antitrust licenses
.
In terms of sales revenue, BASF is the world's largest chemical company.
It lost to China National Chemical Corporation in the previous bid for Swiss Syngenta
.
Bloomberg quoted investment bank Suntrust Robinson Humphrey analyst James Sheehan in Atlanta as saying that BASF has no seed business and DuPont can fill its vacancies in this regard
.
Other companies are merging, and no one wants to be in a strategically disadvantaged position
.
Wall Street sources previously mentioned that Dow Chemical and DuPont officially announced a merger in December, each holding 50% of the shares
.
The current market value of the two companies is close to 60 billion U.
S.
dollars, which shows that the largest merger and reorganization in history has been established
.
This merger transaction is expected to be completed in the second half of 2016.
The new company "Dow DuPont" currently has a market value of US$111 billion.
In terms of sales revenue, it has become the world's second largest chemical company after BASF
.
In recent years, the global chemical industry has undergone tremendous changes
.
In December last year, Dow Chemical and DuPont announced a merger; in February this year, China National Chemical Corporation acquired Swiss Syngenta for US$44 billion
.
.
Bloomberg quoted people familiar with the matter as saying that the German chemical giant BASF is cooperating with consultants and banks to evaluate the possibility of it again making an offer to DuPont
.
BASF has not yet made a decision on whether or not to bid, so it has not yet officially contacted DuPont
.
According to the British "Financial Times", BASF has hired Deutsche Bank and Citibank to carry out this work, but due to suspected antitrust investigations, BASF is less likely to bid
.
A former BASF consultant said that it is more likely that BASF will acquire assets that Dow Chemical and DuPont have divested through antitrust licenses
.
In terms of sales revenue, BASF is the world's largest chemical company.
It lost to China National Chemical Corporation in the previous bid for Swiss Syngenta
.
Bloomberg quoted investment bank Suntrust Robinson Humphrey analyst James Sheehan in Atlanta as saying that BASF has no seed business and DuPont can fill its vacancies in this regard
.
Other companies are merging, and no one wants to be in a strategically disadvantaged position
.
Wall Street sources previously mentioned that Dow Chemical and DuPont officially announced a merger in December, each holding 50% of the shares
.
The current market value of the two companies is close to 60 billion U.
S.
dollars, which shows that the largest merger and reorganization in history has been established
.
This merger transaction is expected to be completed in the second half of 2016.
The new company "Dow DuPont" currently has a market value of US$111 billion.
In terms of sales revenue, it has become the world's second largest chemical company after BASF
.
In recent years, the global chemical industry has undergone tremendous changes
.
In December last year, Dow Chemical and DuPont announced a merger; in February this year, China National Chemical Corporation acquired Swiss Syngenta for US$44 billion
.
