Simpson Thacher Represents Klein Group, Lazard and Morgan Stanley as Financial Advisors to Dow in Its $130 Billion Merger of Equals with DuPont
12.11.15
This is only gets display when printing
The Firm is representing The Klein Group, LLC, Lazard Frères & Co. LLC and Morgan Stanley & Co. LLC as financial advisors to The Dow Chemical Company (“Dow”) in its merger of equals (the “Merger”) with E. I. du Pont de Nemours and Company (“DuPont”). Dow and DuPont shareholders will each own approximately 50% of the combined company, on a fully diluted basis, excluding preferred shares. The combined company would have a combined market capitalization of approximately $130 billion at announcement.
The Merger is expected to close in the second half of 2016 and is subject to customary closing conditions, including regulatory approvals and approval by both Dow and DuPont shareholders.
After completion of the Merger, Dow and DuPont intend to subsequently pursue a separation of the combined company into three independent, publicly traded companies through tax-free spin-offs.
The Simpson Thacher M&A team includes Rob Spatt, Stephen Wiseman and Paul Bennett.