Once registered, you can:

  • - Read additional free articles each month
  • - Comment on articles and featured creative work
  • - Get our curated newsletters delivered to your inbox

By registering you agree to our privacy policy, terms & conditions and to receive occasional emails from Ad Age. You may unsubscribe at any time.

Are you a print subscriber? Activate your account.


Dow Chemical agrees to buy Union Carbide

Published on .

Midland, Mich.--The Dow Chemical Co. announced Wednesday that it has agreed to acquire Union Carbide Corp., Danbury, Conn., in a stock deal valued at $11.6 billion, including the assumption of $2.3 billion in net debt. The deal would create the world's second largest chemical company, behind DuPont. It would have combined annual revenue of more than $24 billion, operating income of $3 billion and a combined market capitalization of $35 billion. The combined company would employ about 49,000 people in 168 countries.
Most Popular
In this article: