Afternoon Coffee: Dow Chemical & DuPont Talk Possible Merger, Anheuser-Busch Defends SABMiller Acquisition in Washington

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Dow Chemical and DuPont are reportedly in talks about a possible merger. The major chemical companies are valued at about $60 billion each, and if combined, they could make up the second-largest chemical firm in the world as far as revenue.

Anheuser-Busch InBev NV Chief Executive Carlos Brito was in Washington this week to defend the company acquisition of SABMiller to a Senate subcommittee. Brito addressed rising concerns and antitrust issues over the merger.  

Yahoo announced it would not spinoff its 384 million-share stake in Alibaba. Instead, Yahoo said it would look at breaking off all of its other businesses into a new company.

General Electric also recently announced it no longer planned to sell its home appliance business to Electrolux. The U.S. Department of Justice voiced concerns earlier this year over the $3.3 billion plan.

 

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