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.