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US: Dow-DuPont merger clears final hurdles, to close Aug 31

By  |  August 6, 2017

Dow Chemical and DuPont say they have cleared all regulatory hurdles and will complete their planned merger at the end of the month.

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    The two companies issued a statement Friday saying the merger will become official after the markets close August 31, and that shares of the new DowDuPont company will trade on the New York Stock Exchange beginning September 1 under the ticker symbol DWDP.

    The companies, with a combined market value approaching US$150 billion, would surpass BASF SE as the world’s largest chemical company. Within 18 months of closing, DowDuPont has said it will split into three separate companies focused on agriculture, specialty products and materials.

    Full Content: Bloomberg

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