- WILMINGTON, DE and MIDLAND, MI, Aug. 4, 2017 (PRNewswire) -
- All Conditions Satisfied
- Merger Will Close August 31, 2017
DuPont and The Dow Chemical Company announced today that all required regulatory approvals and clearances have been received, that all conditions to closing of their merger of equals have been satisfied, and that their merger of equals will close after the market closes on August 31, 2017.
Shares of Dow and DuPont will cease trading at the close of the New York Stock Exchange (NYSE) on August 31. Shares of DowDuPont will begin trading on the NYSE under the stock ticker symbol "DWDP" on September 1, 2017.
The companies continue to expect the intended spin-offs to occur within 18 months of closing.
Additional information is available atwww.dowdupontunlockingvalue.com.
Dow combines the power of science and technology to passionately innovate what is essential to human progress. The Company is driving innovations that extract value from material, polymer, chemical and biological science to help address many of the world's most challenging problems, such as the need for fresh food, safer and more sustainable transportation, clean water, energy efficiency, more durable infrastructure, and increasing agricultural productivity. Dow's integrated, market-driven portfolio delivers a broad range of technology-based products and solutions to customers in 175 countries and in high-growth sectors such as packaging, infrastructure, transportation, consumer care, electronics, and agriculture. In 2016, Dow had annual sales of $48 billion and employed approximately 56,000 people worldwide. The Company's more than 7,000 product families are manufactured at 189 sites in 34 countries across the globe. References to "Dow" or the "Company" mean The Dow Chemical Company and its consolidated subsidiaries unless otherwise expressly noted.
DuPont has been bringing world-class science and engineering to the global marketplace in the form of innovative products, materials, and services since 1802. The company believes that by collaborating with customers, governments, NGOs, and thought leaders, we can help find solutions to such global challenges as providing enough healthy food for people everywhere, decreasing dependence on fossil fuels, and protecting life and the environment.