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mergers

steve carmody / Michigan Radio

Michigan Attorney General Bill Schuette is tight-lipped about whether his office will join a federal anti-trust probe into the proposed merger of DuPont and Midland-Based Dow Chemical.

steve carmody / Michigan Radio

Business leaders in the Saginaw-Midland-Bay City region hope entrepreneurs will fill the employment gap left by layoffs by major local employers.

steve carmody / Michigan Radio

During a hearing today, U.S. senators quizzed officials with Midland-based Dow Chemical, DuPont and other major chemical companies about major consolidation in the chemical industry.

Iowa Sen. Chuck Grassley calls it a “tsunami” of consolidation.

Dow Chemical
steve carmody / Michigan Radio

The U.S. Senate Judiciary Committee is holding a hearing this week that could affect the planned merger of Midland-based Dow Chemical and DuPont.

Iowa Senator Chuck Grassley is the chairman of the Senate Judiciary Committee. He called the special hearing into Consolidation and Competition in the U.S. Seed and Agrochemical Industry. Grassley is concerned major consolidation in the agri-chemical industry will mean less competition and hurt American farmers.

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A senior U.S. Senator is asking federal anti-trust officials to investigate the planned merger of Dow Chemical and DuPont.

Stockholders for Midland, Michigan-based Dow Chemical and Delaware-based DuPont vote on the merger next month.

The merger would create a company worth $130 billion, though eventually, the plan is to divide it into three different companies, one of which would be based in Michigan.

Steve Carmody / Michigan Radio

People in Midland are waiting to see what effect the announced merger of Dow Chemical and DuPont will have on their city.

Midland is a company town. Everywhere you look you see the Dow diamond logo, from the city’s minor league ballpark  to cultural institutions.

And of course, there’s the sprawling Dow Chemical complex on the city’s south side.

Dow started in Midland over a century ago. But that long history is about to head in a new, uncertain direction. 

Is it time to renovate the state capitol building in Lansing?
Matthileo / Flickr - http://bit.ly/1rFrzRK

The official merger of the state Department of Community Health with the Department of Human Services will happen this Friday.

  The new entity will be called the Michigan Department of Health and Human Services and will house 14,000 employees.

Steve Carmody / Michigan Radio

A proposed $100 billion merger of two giant drug companies may have an impact on thousands of people in Michigan.

Pfizer confirmed it’s talking with Britain's AstraZeneca about merging or combining their operations.

Pfizer employs about 2,300 people in Michigan, most of them in Kalamazoo County.

User: dmealiffe / flickr.com

If you live in Michigan, particularly the Eastern Upper Peninsula and the Southeast Lower Peninsula, chances are high that you’ve crossed the border into Canada. We certainly know that our Canadian neighbors are heading over here in hefty numbers. A check of license plates at Metro Detroit shopping centers makes a strong case.

Our next guest makes a case for taking these two large countries and merging them into one. She believes the two would become much stronger for joining together.

She is currently Editor at Large at the National Post, a blogger for the Huffington Post, and a Distinguished Professor at Ryerson University’s Ted Rogers School of Management in Toronto. Her nine earlier books focused on politics, immigration, economics and finance and white collar crime.

Her newest book is “Merger of the Century: Why Canada and America Should Become One Country.”

Author Diane Francis joined us today.

Listen to the full interview above.

qmnonic / Flickr

Spartan Stores, Inc. and Nash Finch Company announced a merger agreement early this morning.

The Associated Press reported the following:

Lindsey Smith / Michigan Radio

Soon people living in the lakeshore cities of Saugatuck and Douglas will vote on a proposed merger of their local governments. The State Boundary Commission ruled today the question should be on the ballot in August or November.

A citizens group began the process to merge in 2011. The Consolidated Government Committee is pushing for the merger to save taxpayer money.

Steve Carmody/Michigan Radio

Lansing’s mayor has appointed a committee to take a hard look at the capital city’s financial health.

The committee is made up of some of Lansing’s top business and civic leaders.

Declining property taxes and state revenue sharing dollars combined with rising costs are squeezing Lansing’s finances.

Lansing Mayor Virg Bernero says the committee will come up with short-term and long-term proposals for dealing with the city’s financial problems.

Former mayor David Hollister will chair the committee.

There’s been a lot of wailing and gnashing of teeth statewide over the new proposals the governor outlined in Grand Rapids yesterday, the ones especially that will affect local governments.

He proposes to hold back one-third of the revenue sharing money communities get from the state, and release it only if cities, villages and townships adopt certain reforms. Those would include putting all new hires on a pension plan based on what they and their employer put in, a so-called “defined contribution plan.”