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Dow, DuPont stockholders approve merger
HOUSTON, July 20, 2016 (PCW) -– Dow Chemical and DuPont announced Wednesday that the stockholders of both companies have approved of the merger of the two firms.
The transaction is expected to close in 2H 2016.
The new company will be spun off into three independent publicly traded firms within 18 to 24 months of the deal's closing. The three companies will be a global pure-play agriculture firm, material science company and a technology and innovation-driven Specialty Products company.
The combined company will have a market cap of about $130 billion and will have two headquarters in Midland, Michigan, and Wilmington, Delaware. -- Samantha Hartke