The Delaware Council on Development Finance gave its unanimous approval for $9.6 billion in tax payer money for the next five years toward keeping a spin off company from the Dow-DuPont merger.
But the Wilmington News Journal reports that the vote comes just a media reports suggest that BASF is looking at a counter offer to buy DuPont.
In December DuPont agreed to merge with Dow to create a $130 billion company.
The News Journal reports that experts say it is too early to say if the Germany company will actually move forward with the effort.
The Delaware Governor Jack Markell has pushed for the taxpayer incentives to solidify its position to get the agricultural spin off from the Dow/DuPont merger.
