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Dow Chemical, DuPont merge to create $130 billion giant

Dow Chemical and DuPont are to merge to create a $130 bn giant

Dow Chemical and DuPont said Friday they will merge to create the world's biggest chemical company.

The all-stock deal values the merged company at $130 billion (118.5 billion euros) and the new group will be split into three separate entities: agriculture, specialty chemicals and materials, they said.