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Dow Chemical, DuPont set a date for merger

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August 31 will be the big day. DuPont and The Dow Chemical Company have announced 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 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.

The merger transaction is expected to generate cost synergies of approximately $3 billion and growth synergies of approximately $1 billion.

Any views or opinions expressed in this article are those of the author and do not reflect those of AGDAILY. Comments on this article reflect the sole opinions of their writers.
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