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US: Dow – Dupont merger receives shareholder approval

By  |  July 21, 2016

The Wall Street Journal has reported that Wednesday morning in two separate meetings, Dow Chemical Co. and DuPont Co. shareholders voted to approve the chemical giants’ plans to merge and later break up into three companies.

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    According to a regulatory filing,approximately 824.8 million Dow shareholder votes were in favor of the merger deal, while merely 13.1 million voted against it and 10.7 million abstained.

    The merged company, which would be called DowDuPont, will offer a variety of products ranging from corn seeds to Kevlar fiber to foam chemicals used in sneaker soles and will serve to reduce costs before breaking up 18 to 24 months after the merger closes.

    Full Content: The Wall Street Journal

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