chemicals-giant

More than 25,000 Madoff victims now eligible for $4 billion fund

The overseer of a $4 billion U.S. Department of Justice fund for victims of Bernard Madoff's Ponzi scheme said he expected to recommend payouts for at least 25,280 claimants with nearly $4 billion in fraud losses. Richard Breeden, special master of the Madoff Victim Fund, said in an update on his website this week that his office was “substantially” finished with the initial claims review process, having analyzed 63,580 claims covering $67.8 billion of alleged losses…

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More than 25,000 Madoff victims now eligible for $4 billion fund

chemicals-giant

Bayer makes move for Monsanto in global agrichemicals shakeout

By Greg Roumeliotis and Mike Stone NEW YORK (Reuters) – German drug and chemicals giant Bayer AG has made an unsolicited takeover offer for Monsanto Co, the world's biggest seed company, as high inventories and low commodity prices spur consolidation in the global agrichemicals industry. Monsanto disclosed the approach on Wednesday before Bayer confirmed its move, though neither released proposed deal terms. With Monsanto …

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Bayer makes move for Monsanto in global agrichemicals shakeout

chemicals-giant

Dow Chemical, DuPont in merger talks: sources

Dow Chemical Co and DuPont are in talks to merge, creating a chemicals giant with a market value of more than $120 billion that could then break up into different businesses, people familiar with the matter said on Tuesday. Following what would be structured as a merger of equals, the combined company could split into material sciences, specialty products and agrochemicals, the people said, cautioning that the…

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Dow Chemical, DuPont in merger talks: sources