Subscribe to Receive the Daily Report

Wednesday, December 16th, 2015

Dow, DuPont Announce Plans for $130 Billion Merger

Author:     Shannon Young
Source:     Truthout
Publication Date:     Tuesday, 15 December 2015 00:00
Link: Dow, DuPont Announce Plans for $130 Billion Merger
Stephan:   I am leading with the Dow Dupont merger because although it is getting little coverage in corporate media I think it is a very big deal. As this report explains this merger further consolidates corporate control over agriculture, from seed to pesticide. Corporations are trying to get monopolistic control of both water and food. This is an existential threat to small holders, and agriculture practiced on organic principles. The Dow, Dupont, Monsanto model is not wellness-oriented, and this is not good news and, in my view, should not have been allowed.
A Dow chemical refinery in Oyster Creek, Texas. DuPont and Dow Chemical, with more than three centuries of history between them, said they had agreed to merge, in one of the biggest deals of the year. The combined company would be known as DowDuPont. Once combined, they plan to split into three separate companies, consisting of agricultural chemicals, specialty products and materials, like plastics. Credit: Michael Stravato / The New York Times

A Dow chemical refinery in Oyster Creek, Texas. DuPont and Dow Chemical, with more than three centuries of history between them, said they had agreed to merge, in one of the biggest deals of the year. The combined company would be known as DowDuPont. Once combined, they plan to split into three separate companies, consisting of agricultural chemicals, specialty products and materials, like plastics.
Credit: Michael Stravato / The New York Times

Late last week, Dow and DuPont announced plans for a $130 billion mega merger. The merger is expected to take place in the second half of 2016, after which the parent company will break […]

Read the Full Article

1 Comment

  1. Rev. Dean on Wednesday, December 16, 2015 at 7:44 am

    Once these types of monopolies exist, everyone should know the type of capitalism we live under JUST DOESN’T WORK! Every year I find it more difficult to find seeds for my garden and every year it becomes more and more difficult. I can only save some of my own seeds and only grow organic, so I am worried about the loss of even more small organic seed-sellers.