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Dow Chemical, DuPont in Advanced Merger Talks

December 9, 2015, 1:04 AM UTC
Light snow falls on the Dow Chemical Co. Michigan Operations
UNITED STATES - APRIL 12: Light snow falls on the Dow Chemical Co. Michigan Operations Facility in Midland, Michigan, on Thursday, April, 12, 2007. Dow Chemical Co. said it fired two executives for holding unauthorized talks to sell the company, intensifying 12 weeks of speculation the largest U.S. chemical maker will be bought. (Photo by Jeff Kowalsky/Bloomberg via Getty Images)
Photograph by Jeff Kowalsky — Bloomberg via Getty Images

Dow Chemical Co and DuPont are in advanced merger talks, the Wall Street Journal reported on Tuesday, citing people familiar with the matter.

The merger would be followed by a three-way breakup of the combined company, the sources told the Journal.

Dow’s Chief Executive Andrew Liveris is expected to be executive chairman of the new company, with DuPont CEO Edward Breen retaining the title.