Dow Chemical, DuPont complete merger to form DowDuPont

Dow Chemical, DuPont complete merger to form DowDuPont

"Dow and DuPont's merger will create the world's largest chemical company, but it could also bury the world's worst chemical disaster beneath a mountain of corporate red tape", said Colin Toogood of the Bhopal Medical Appeal.

Starting today DowDuPont will start trading under the stock ticker symbol "DWDP".

The companies announced they would tie up in December 2015.

DowDuPont, a public holding company, will break into three separate independent companies focusing on agriculture, materials science and specialty products.

"The true value of this merger lies in the intended creation of three industry powerhouses that will define their markets", Andrew Liveris, executive chairman of Dow DuPont, said in a statement on Friday.

Gas prices to spike as Harvey takes out refineries
How soon refinery operations return to full capacity depends on the severity of flooding and the resumption of power to the areas. The refineries affected represent over 17 percent of the US gas production, around 3 million barrels a day, according to Tribune.

DuPont CEO Ed Breen becomes CEO of DowDuPont.

May 11, 2017 - Dow and DuPont announce the members of the Board of Directors for the proposed merger of equals transaction of the two companies.

Company officials say the three new companies will be global leaders.

August 4, 2017 - Dow and DuPont announce that all required regulatory approvals and clearances have been received and that merger of equals will close after market close on August 31, 2017.

The new combined entity said the transaction is expected to result in run-rate cost synergies of approximately United States dollars 3 billion and the potential for approximately USD 1 billion in growth synergies.

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