20 - NATIONAL AG NEWS SPONSORED BY THE AMERICAN FARM BUREAU FEDERATION | NAFB
The Dow-DuPont merger has closed. The deal was worth $150 billion and several spin-off companies could be formed soon. Published reports indicate the first spinoff could be a combination of Pioneer and Dow AgroSciences. For more on this, make sure to tune into today's Big Show here:
The reason that spinoffs could be formed soon is Dow and DuPont are under pressure from investors to create several smaller companies, now that the deal is complete. Dow and DuPont had initially proposed creating three smaller companies after the deal wrapped up. Investors are said to be pushing for as many as six independent companies. The merger gained final approval from regulators in June and it has farmers, employees, and state and federal leaders worried. U.S. farmers are staring into the face of a massive wave of consolidation. In addition to Dow-DuPont, ag giants Monsanto and Bayer AG are merging, as are Syngenta and ChemChina.