WILMINGTON, Del. and
MIDLAND, Mich., Aug. 4, 2017 /PRNewswire/ -- 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 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.
The companies continue to expect the intended spin-offs to occur
within 18 months of closing.
Additional information is available at
www.dowdupontunlockingvalue.com.
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 www.dow.com.
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
www.dupont.com.
Cautionary Notes on Forward Looking Statements
This communication contains "forward-looking statements" within
the meaning of the federal securities laws, including Section 27A
of the Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended. In this context,
forward-looking statements often address expected future business
and financial performance and financial condition, and often
contain words such as "expect," "anticipate," "intend," "plan,"
"believe," "seek," "see," "will," "would," "target," similar
expressions, and variations or negatives of these words.
Forward-looking statements by their nature address matters that
are, to different degrees, uncertain, such as statements about the
consummation of the proposed merger and the anticipated benefits
thereof. Forward-looking statements are not guarantees of future
performance and are based on certain assumptions and expectations
of future events which may not be realized. Forward-looking
statements also involve risks and uncertainties, many of which are
beyond the company's control. Risks associated with the proposed
merger are more fully discussed in the joint proxy
statement/prospectus included in the registration statement on Form
S-4 declared effective by the SEC on June 9,
2016 (File No. 333-209869), as last amended, (the
"Registration Statement") in connection with the proposed merger.
Neither Dow nor DuPont assumes any obligation to publicly provide
revisions or updates to any forward-looking statements regarding
the proposed merger, whether as a result of new information, future
developments or otherwise, should circumstances change, except as
otherwise required by securities and other applicable laws.
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SOURCE DuPont