Dow Chemical, DuPont Plan To Announce Merger Friday: Bloomberg

(RTTNews) - Dow Chemical Co. (DOW) and EI DuPont De Nemours & Co. (DD) plan to announce merger Friday, the Bloomberg reported, citing people familiar with the matter, a deal that would be the largest ever in the chemicals industry.

There's still no guarantee that the terms of the transaction will be agreed by then, the report said.

The companies have been in advanced talks about a merger that would be followed by a breakup of the combined company into three separate businesses: agriculture, specialty chemicals and commodity chemicals.

DD closed Thursday trading at $74.55, up $0.06 or 0.08%. But, in after-hours the stock down $0.01 or 0.01%.

DOW closed Thursday trading at $54.91, down $2.06 or 3.62%.