Dow Chemical Company and DuPont Company are in advanced talks to merge, according to reports from the Wall Street Journal.

The article further states that Dow and DuPont are worth a combined total of nearly $120 billion, and the merger could be announced within days.

 Chief executive of Dow, Andrew Liveris, is expected to be the executive chairman of the new company. The merger is also expected to be followed by a three-way breakup of the combined company. 

There is no guarantee that antitrust regulators would "bless the union" or that the breakup plan would address any such concerns, says the Wall Street Journal. 

Both Dow and DuPont have divisions that make films, coatings, packaging technologies and other materials for the food, pharmaceutical, industrial and automotive sectors.