You are currently viewing: News



01-09-2017

DowDuPontâ„¢ 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

MOL Group enters into a partnership with INOVACAT

MOL Group entered into a strategic partnership with INOVACAT, a Dutch technology innovator in the refining and petrochemical industries. The cooperation is expected to ...

19-06-2018

John Crane completes acquisition of Seebach GmbH

John Crane, a global leader in rotating equipment solutions, supplying engineered technologies and services to process industries, recently announced that as of June ...

19-06-2018

Velocys and PQ partner for catalyst manufacturing

Velocys plc, the renewable fuels company, is pleased to announce that it has partnered with PQ Corporation (PQ) for the supply of commercial quantities of Velocys’ ...

19-06-2018

Fluor achieves substantial engineering completion at Galveston Bay refinery

Fluor Corporation announced today that it has achieved  substantial engineering completion for Marathon Petroleum Corporation’s Tier 3 gasoline sulfur standard ...

19-06-2018

KBR announces FEED plus EPC option contract from Arkema

KBR, Inc. announced today it has been working on the Front End Engineering and Design (FEED) to double the sulfur derivatives production capacities at Arkema's Beaumont,Texas ...

19-06-2018

Emerson releases Rosemount Twisted Square Thermowell line

Emerson has released the Rosemount™ Twisted Square™ Thermowell line, a solution that reduces dynamic stress, simplifies process calculations and provides ...

18-06-2018

Anguil Environmental Systems celebrates a major milestone

Starting an environmental company in the late 1970’s was not nearly as well received as it would be today, but Gene Anguil, Founder of Anguil Environmental Systems, ...

15-06-2018

YASREF awards Jacobs general engineering services contract

Jacobs Engineering Group Inc, has been awarded a three-year, general engineering services (GES) contract from Yanbu Aramco Sinopec Refining Company Ltd. (YASREF) to help ...

14-06-2018

Siluria Technologies and Saudi Aramco join forces to maximize chemicals production

Saudi Aramco Technologies Company, a subsidiary of the world’s largest oil company, and Siluria Technologies, a leader in disruptive process technologies for the ...

13-06-2018

Clariant Catalysts collaborates with Hydrogenious Technologies

Clariant, a world leader in specialty chemicals, today announced that its Catalysts business has formed an alliance with award-winning clean energy company, Hydrogenious ...

12-06-2018