The Dow-DuPont merger closed Thursday. The deal was worth $150 billion and several spin-off companies could be formed soon. The Des Moines Register reports the first spinoff could be a combination of Pioneer and Dow AgroSciences. The reason that spinoffs could be formed soon is Dow and DuPont are under pressure from investors to create several smaller companies, now that …
Dow Chemical Company Pledges $1 Million for Hurricane Relief
Dow Chemical Company and the Dow Chemical Foundation will donate $1 million to support immediate relief and long-term recovery and rebuilding efforts associated with Hurricane Harvey. Dow will donate $100,000 to the American Red Cross Disaster Relief Fund, $100,000 to Team Rubicon, and $200,000 to other local nonprofit organizations assisting the region. Texas is home to approximately 12,000 Dow employees …
Chinese Fund Purchasing Dow Seed Business in Brazil
A Chinese investment fund has paid $1.1 billion to purchase Dow Chemical Company’s corn seed business in Brazil, a move Reuters calls a further sign of China’s fast-expanding role in the global seed sector. The assets, which generated revenue of about $287 million in 2016, are being sold by Dow to meet conditions set by U.S. antitrust regulators for its …
States Sue EPA to Prevent Insecticide Use
A coalition of states has filed a legal challenge to a Trump administration decision to keep a widely used pesticide on the market in spite of studies that show it can harm the development of children’s brains. The coalition, led by New York, filed a motion to intervene in the legal battle over continued spraying of chlorpyrifos. The coalition says …