DuPont, Dow merger to close at end of August
The Dow-DuPont merger becomes a reality at the end of this month.
The two companies announced Friday they’ve received all required regulatory approvals and clearances – and will close their over $140 billion deal on August 31st.
Shares of DowDuPont will begin trading on the New York Stock Exchange under the stock ticker symbol “DWDP” on September 1, 2017. That will end Dupont’s 215-year run as a stand-alone company nearly synonymous with the First State.
The new DowDupont will not be around for long.
Once the merger is completed, the combined company plans to split into three independent companies by 2019. Two of them – specialty products and agriculture – will be headquartered in the First State.
But that plan could be tweaked.
Dow and DuPont have brought in a business management consultant to review their post-merger strategy in the wake of pressure from activist investors to consider breaking into six separate companies.