As managing editor of Could DuPont Co. be a takeover target, whether in whole or in pieces? That's the subject of this story from the company's hometown newspaper, The News Journal in Wilmington, Del.
The story speculates that three factors could point to DuPont being a candidate for a takeover or breakup: Dow Chemical Co.'s recent purchase of Rohm and Haas Co.; Dow's unsuccessful bid for DuPont in 2006; and DuPont's recent history of stock underperformance.
Who might buy DuPont? How about the friendly chemical/plastics giant in Ludwigshafen, Germany:
Citigroup's Juvekar said Dow was out of the picture after its bid for Rohm & Haas, but BASF Group of Germany, the world's largest chemical company, was "the other obvious acquirer large enough" to go after parts of DuPont. BASF was reportedly outbid by Dow for Rohm & Haas.
It's all very speculative, of course. It's a well sourced and interesting story, but there's no guarantee that anything will happen.
Comments (1)
I wish someone would take over DuPont...their performance is the worst in years...
Maybe partly due to all the outsourcing it has done, and the end result is to bring most of that back in house. What a waste, follow the Gartner report in the early 1990's. Now Gartner says it's either a break even solution to outsource to 3rd world countries or could end up costing more. Go figure that one! #1 problem is the language barrier, #2 they understand everything but work done over there has to be re-worked back here in the USA to get it either working or done correctly.
Posted by govrmentmule | August 5, 2008 10:01 PM
Posted on August 5, 2008 22:01