You are currently viewing: News



01-09-2017

DowDuPont™ merger successfully completed

DowDuPont™ today announced the successful completion of the merger of equals between The Dow Chemical Company and E.I. du Pont de Nemours & Company, effective Aug. 31, 2017. The combined entity is operating as a holding company under the name “DowDuPont™” with three divisions – Agriculture, Materials Science and Specialty Products.

Shares of DuPont and Dow ceased trading at the close of the New York Stock Exchange on Aug. 31, 2017. Beginning today, DowDuPont will start trading on the New York Stock Exchange under the stock ticker symbol “DWDP.” Pursuant to the merger agreement, Dow shareholders received a fixed exchange ratio of 1.00 share of DowDuPont for each Dow share, and DuPont shareholders received a fixed exchange ratio of 1.282 shares of DowDuPont for each DuPont share.

“Today marks a significant milestone in the storied histories of our two companies,” said Andrew Liveris, executive chairman of DowDuPont. “We are extremely excited to complete this transformational merger and move forward to create three intended industry-leading, independent, publicly traded companies. While our collective heritage and strength are impressive, the true value of this merger lies in the intended creation of three industry powerhouses that will define their markets and drive growth for the benefit of all stakeholders. Our teams have been working for more than a year on integration planning, and -- as of today -- we will hit the ground running on executing those plans with an intention to complete the separations as quickly as possible.”

“For shareholders, customers and employees, closing this transaction is a definitive step toward unlocking higher value and greater opportunities through a future built on sustainable growth and innovation,” said Ed Breen, chief executive officer of DowDuPont. “DowDuPont is a launching pad for three intended strong companies that will be better positioned to reinvest in science and innovation, solve our customers’ ever-evolving challenges, and generate long-term returns for our shareholders. With the merger now complete, our focus is on finalizing the organizational structures that will be the foundations of these three intended strong companies and capturing the synergies to unlock value. With clear focus, market visibility and more productive R&D, each intended company will be equipped to compete successfully as an industry leader.” 

Sponsor : 

Other News Items

Metso hosts ISO meeting to develop international standards in flow control

On September 25-29, Metso will host the ISO/TC 161 meeting at its Valve Technology Center in Finland's capital city area. The meeting gathers together leading stakeholders, ...

22-09-2017

Chart completes acquisition of Hudson Products

Chart Industries, Inc announced that on September 20, 2017 it completed the acquisition of Hudson Products Corporation for $410 million in cash from Riverstone Holdings ...

21-09-2017

Dow announces start-up of world-scale ethylene production facility

DowDuPont Materials Science, the business division of DowDuPont to be named Dow, announced the startup of its new integrated world-scale ethylene production facility ...

21-09-2017

New project for AXION Energy in Argentina

In July, AXION Energy signed a contract with Techint E&C to expand the Catalytic Cracking Unit (FCCU) in its Campana’s Refinery, in the province of Buenos Aires. ...

21-09-2017

Baker Hughes a GE company and KBC announce partnership

Baker Hughes, a GE company and KBC a wholly-owned subsidiary of Yokogawa Electric Corporation, announced today a preferred partnership that will provide a combination ...

19-09-2017

Athlon Solutions move to new corporate headquarters

Athlon Solutions moved its corporate headquarters and technical center in  mid-August to a combined corporate office/laboratory in northwest Houston. The move ...

19-09-2017

Siemens and PAS announce global strategic partnership

Siemens, a global engineering and technology leader, and PAS Global, the leading provider of industrial control system (ICS) cybersecurity solutions, announced an agreement ...

19-09-2017

ClearSign Texas refinery project successfully concludes operational testing

ClearSign Combustion Corporation, a leading provider of industrial combustion technologies that deliver unmatched reduction of pollutant emissions while improving operational ...

19-09-2017

Chevron Phillips Chemical commissions new Marlex® polyethylene units

Chevron Phillips Chemical Company LLC (Chevron Phillips Chemical) announced today it has successfully completed commissioning and begun start-up of its new polyethylene ...

19-09-2017

CB&I to supply storage tanks for greenfield refinery project in Oman

CB&I today announced a consortium between CB&I and Saipem S.p.A. has been awarded a contract by Duqm Refinery and Petrochemicals Industries Company L.L.C. (DRPIC) ...

18-09-2017