E I du Pont de Nemours and Co (DD.N)
24 May 2017
May 25 The following are the top stories in the Wall Street Journal. Reuters has not verified these stories and does not vouch for their accuracy.
Activist investor Daniel Loeb's Third Point LLC said Dow Chemical and DuPont could unlock $20 billion in additional value by tweaking their plan to split into three companies following their merger.
* Says plan can help cos exceed save more than $3 bln post merger (Adds details, shares)
BRIEF-Third Point says issues new DowDuPont board must consider include capital structure, optimal cost of capital
* Issues DowDuPont board must consider post deal-close include capital structure, optimal cost of capital - presentation
(The following statement was released by the rating agency) LONDON, May 19 (Fitch) Fitch Ratings has published a 'BBB' Foreign-Currency Long-Term Issuer Default Rating on Syngenta AG following its takeover by China National Chemical Corporation (ChemChina; A-/Stable). At the same time, Fitch has published a Foreign-Currency Short-Term Issuer Default Rating on the company of 'F3' and a senior unsecured long-term rating of 'BBB'. A full list of rating actions is at the end of this commentary. The
BRASILIA Brazil approved the planned merger of Dow Chemical Co and DuPont on Wednesday, conditioned on a global divestment plan including its Brazilian corn seed business.
* Dow and DuPont receive conditional regulatory approval in Brazil for proposed merger of equals
BRASILIA, May 17 Brazil approved the planned merger of Dow Chemical Co and DuPont on Wednesday, conditioned on a global divestment plan including its Brazilian corn seed business.
Dow Chemical Co , which is merging with DuPont , said Chief Executive Andrew Liveris would retire as chairman of the combined DowDuPont company in July 2018.
* Investments include expanding Dow's Texas cracker (Adds details)
|Dow Chemical Co (DOW.N)||$61.45||+0.67|
|BASF SE (BASFn.DE)||€84.60||--|
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|HP Inc (HPQ.N)||$19.01||+0.05|
|Honeywell International Inc. (HON.N)||$132.14||+0.29|
|Ingersoll-Rand PLC (IR.N)||$88.52||-0.51|