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【关注】杜邦和陶氏化学欲合体,化工巨无霸即将诞生?

2015-12-09 艾邦高分子


根据相关报道,杜邦和陶氏这两个国际化工企业围绕塑料业务进行谈判,欲达成相关合并协议。


Dow Chemical Co. and DuPont Co., two global chemical companies with major plastics businesses, may be near an agreement to merge, according to published reports.

The Wall Street Journal first posted the news on its website on Dec. 8. The report cites unnamed people familiar with the matter. Other business press also reported the news, including Bloomberg, also attributing the news to unnamed sources.

According to their reports, the talks are in an advanced stage and a deal could be announced this week, but there is still no guarantee that a deal will be consummated.

……


DuPont Co.Breen


今年11月2日,杜邦宣布旗下两个塑料部门合二为一。至2016年1月1日,杜邦的高性能聚合物部门将与包装和工业聚合物部门合为一体。


On Nov. 2, the company announced another major change that involved plastics: a plan to consolidate two of its plastics-related units into a single business. As of Jan. 1, DuPont’s Performance Polymers unit will merge with Packaging & Industrial Polymers. DuPont also is merging its Protection and Building Innovations units.

“By bringing these business units together under common management structures, we are creating business of more significant scale to better serve our customers,” Chairman and CEO Edward Breen said at the time.

……


Dow Chemical CEO Andrew Liveris



相关报道:现任陶氏化学CEO Andrew Liveris预计将担任新公司的董事会执行主席


根据《华尔街日报》和《澎湃新闻社》的报道,杜邦和陶氏拒绝发表评论。但这些报道有个有意思的细节,里面描述了合并的公司将是什么样子,谁来负责。


根据WSJ报道,合并后,新公司将拆分成独立的农业、塑料和工业化学公司。


WSJ报道,如果能够完成合并,现任陶氏化学CEO Andrew Liveris预计将担任新公司的董事会执行主席,杜邦CEO Executive Edward Breen则担任新公司CEO。


Report: Liveris to head merged firm

According to The Wall Street Journal and Bloomberg reports, representatives of DuPont and Dow declined to comment. But the reports have interesting details on what the merged companies would look like and who would be in charge.

According to the WSJ report, after the merger, the company would split up into separate agricultural, materials and material sciences, and specialty products businesses.

According to that report, Liveris has pursued DuPont for more than 10 years, and he contacted Breen about a deal in October.

The WSJ speculated that Liveris would be chairman of the merged company, and Breen would be CEO.

Combining DuPont and Dow would be an interesting merger of different corporate cultures. Both companies have long histories as specialty chemical companies.

Both are major players in commodity resins, to be sure, although DuPont’s plastics portfolio is heavy on engineering materials like nylon and specialty polyesters, while Dow is better known for commodity resins including polyethylene.

Both companies are global giants, but they have roots in small-town America. Dow is the largest employer in Midland, a Midwestern enclave with a population of about 42,000, while DuPont is entrenched in the East Coast city of Wilmington, with a population of about 70,000.

The companies have crossed paths before, notably in 1996, when they combined their specialty rubber businesses into a 50:50 joint venture, DuPont Dow Elastomers. But that venture lasted less than a decade.

At the time of the breakup of the joint venture, Balaji Singh of Chemical Market Resources Inc. wrote that: “DuPont Dow as an organization could not survive the general organizational issues that are independent of its overall goals and objectives.”

Singh wrote that the joint venture failed to integrate DuPont and Dow cultures to develop a new start-up with its own identity and culture.

……



新闻来源:Plastics News

艾邦高分子节选内容原创翻译



据《华尔街日报》报道,在大宗农作物价格持续下跌,农业行业盈利下滑的双重压力下,全球农业行业巨头正在考虑通过合并业务来渡过难关。


受到旗下农业业务持续疲软重创的杜邦,正在与陶氏化学进行交易谈判,而且谈判已进入高级阶段。知情人士透露,这两大市值均在600亿美元左右的巨头,可能会在未来数日内宣布合并。随后,新合体公司将进行“三向”拆分。这是并购交易中最常见的一种方式。


陶氏化学首席执行官Andrew Liveris,有望出任新公司的首席执行官。杜邦首席执行官Edward Breen保持原有头衔。消息人士谨慎地表示,这桩交易尚未落实到书面上,因而双方仍有可能谈崩。


如果最终达成交易,那么陶氏化学和杜邦的合体将催生出2015年全球规模最大并购交易中的一桩。新合体公司的销售额将超过900亿美元,而且在塑料制品、工业化学和农业方面都是“佼佼者”。


在股东敦促“瘦身”的同时,陶氏化学和杜邦越来越专注于增长较快部门。为此,两家公司不得不进行业务重组,剥离部分曾令两家企业声名大振的产品进行。


早在11月初,《华尔街日报》报道称,先正达正在与杜邦旗下农业部门进行谈判。同时,杜邦在与陶氏化学也在进行交易谈判,可能寻求出售旗下种子与杀虫剂部门。



新闻来源:腾讯财经


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