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DuPont and Dow Set Closing Date for Merger of Equals 2017.08.06

Wilmington, Del. and Midland, Mich., USA - August 04, 2017 - DuPont (NYSE: DD) and The Dow Chemical Company (NYSE: DOW) 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 DowDuPont will begin trading on the NYSE under the stock ticker symbol "DWDP" on September 1, 2017.

Dow Annual Meeting 2017
Photo courtesy of Dow

Wilmington, Del. and Midland, Mich., USA - August 04, 2017

• All Conditions Satisfied

• Merger Will Close August 31, 2017

DuPont (NYSE: DD) and The Dow Chemical Company (NYSE: DOW) 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.

Dow Headquarters, Midland, Michigan, USA.
Photo courtesy of Dow
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.

Edward D. Breen, Chairman and CEO of DuPont, and Andrew N. Liveris, President Chairman and CEO of Dow.
Photo courtesy of Dow
The companies continue to expect the intended spin-offs to occur within 18 months of closing.

The Boards of Directors of both companies reiterate their support of the merger agreement.

Photo courtesy of DuPont
In addition, as announced, both Boards support a comprehensive portfolio review for DowDuPont, which is intended to assess current business facts and leverage the knowledge gained over the past year and a half to capture any material value-enhancing opportunities in preparation for the intended creation of three industry-leading companies.

Photo courtesy of DuPont
The Boards have jointly commenced the review and have engaged McKinsey & Co. to assist the companies in this assessment.

The lead independent directors of each company are working together to oversee the process. The DowDuPont Board is expected to review the results soon after the merger closes.

Photo courtesy of Dow
“The management teams and directors of both companies are in regular dialogue with our shareholders, and we have undertaken significant preparation work in advance of the close,” said Jeff Fettig, Lead Director of Dow.
“As a collective board we are committed to delivering maximum, long-term shareholder value by ensuring that each of the intended companies will have clear focus, an appropriate capital structure, a distinct and compelling investment thesis, scale advantages, and focused investments in innovation to better deliver superior solutions and choices for customers.”

Photo courtesy of Dow
“Dow and DuPont leadership are committed to maximizing the tremendous value creation potential of the merger and anticipated spins,” said Alexander (Sandy) Cutler, Lead Director of DuPont.
“Our review will provide an in-depth look at the portfolio mix and alignment across divisions to ensure we capitalize on all value-enhancing opportunities. The output of the review will be an immediate focus for the DowDuPont Board following merger close. If the results of our review demonstrate there is net greater long-term value creation to be realized through a change in the portfolio, it will be pursued.”

Photo courtesy of Dow

Photo courtesy of Dow

Additional information is available at


About Dow

Dow (NYSE: 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.

More information about Dow can be found at

About DuPont

DuPont (NYSE: DD) 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.

For additional information about DuPont and its commitment to inclusive innovation, please visit

Contact Information

Dow Contacts

Neal Sheorey
+1 989-636-6347

Rachelle Schikorra
+1 989-638-4090

DuPont Contacts

Greg Friedman
+1 302-774-4994

Dan Turner
+1 302-996-8372








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Editor-in-Chief of ASTROMAN magazine: Roman Wojtala, Ph.D.

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