Dow Chemical and DuPont in merger talks, say sources

New York

DOW Chemical Co and DuPont are in talks to merge, creating a chemicals giant with a market value of more than US$120 billion that could then break up into different businesses, people familiar with the matter said on Tuesday.

A deal, which would face regulatory approval in several countries, would allow the two US companies to rejig their assets based on their diverging fortunes.