DuPont and The Dow Chemical Company have announced that all required regulatory approvals and clearances have been received to close on a merger of the two companies. The merger will close August 31, and shares of Dow and DuPont will cease trading at the close of the New York Stock Exchange that day. Shares of DowDuPont will begin trading on the New York Stock Exchange 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.
Dow and DuPont announced the merger in December of 2015. Upon closure, the combined company is estimated to be worth $130 billion.
Source: NAFB News Service