Newly formed DowDuPont will have its material sciences division split off from the parent company Monday, April 1, becoming the new Dow Chemical Company. The Company expects to file and mail its definitive proxy material in due course. But even though two of the three companies share the names -- and ticker symbols -- of their … In this context, forward-looking statements often address expected future business and financial performance and financial condition, and often contain words such as “expect,” “anticipate,” “intend,” “plan,” “believe,” “seek,” “see,” “will,” “would,” “target,” and similar expressions and variations or negatives of these words. DowDuPont amends split plan ... Less than a week after it was formed, DowDuPont is making deep revisions to its plan to split into three separate companies within the next year and a half. A reverse stock split would not have any impact on the voting and other rights of stockholders, and will have no impact on the Company’s business operations or any of its outstanding indebtedness. Company Moves Forward Toward Intended Separation into Industry-Leading, Publicly Traded Companies in Agriculture, Materials Science and Specialty Products; Separations Expected to Occur Within 18 Months MIDLAND, Mich., and WILMINGTON, Del., Sept. 1, 2017 – DowDuPont™ (NYSE:DWDP) today announced the successful completion of the merger of equals between … DowDuPont Board Approves Break-Up Plan Revision Two weeks after the DowDuPont merger finalized on Aug. 31, the company announced changes in the split-up plan of its combined businesses. The reverse stock split is intended to increase the market price of DowDuPont’s common stock in connection with the Company’s intended distribution of all of the shares of common stock of its wholly owned subsidiary, Corteva Inc., which holds the Company’s Agriculture Business, to the holders of the Company’s common stock on a pro rata basis (the “Corteva Distribution”). Forward-looking statements also involve risks and uncertainties, many of which that are beyond DowDuPont’s control. Pictured: local 6992 President Angelle Gregoire from the DuPont Yerkes plant in Buffalo, N.Y. If stockholders approve the reverse stock split, the Board of Directors will select a reverse stock split ratio of not less than 2-for-5 and not greater than 1-for-3, with an exact ratio as may be determined by the Board of Directors at a later date so that, depending on the ratio chosen, stockholders’ shares of issued and outstanding common stock will be converted at a ratio between (i) two shares of issued and outstanding common stock for every five shares of common stock owned and (ii) one share of issued and outstanding common stock for every three shares of common stock owned. DowDuPont (DWDP) announced a finalized spin-off plan after a review by consulting firm McKinsey. The parties intend to subsequently pursue a separation of DowDuPont into three independent, publicly traded companies. The reverse stock split is subject to stockholder approval. DowDuPont was formed in August 2017 by the $130 billion mega-merger of Dow Chemical Company and E.I. In 2017, DuPont’s parent company joined with Dow Chemical Co. in a $130 billion merger, which resulted in the creation of DowDuPont Inc. DowDuPont will shift businesses with $8 billion in annual revenue from its planned material science spinoff to the specialty products spinoff following a previously announced portfolio review. Dow shares will debut on the New York Stocks Exchange Tuesday, while being added to the Dow Jones Industrial Average, after the group was formally spun-off from parent DowDuPont Inc. DWDP last night. The DowDuPont merger, completed 31 August, is expected to be followed by a separation into three independent companies within 18 months. DowDuPont will file a preliminary proxy statement related to the special meeting later today. The future specialty products firm du Pont de Nemours & Company (DuPont). MIDLAND, Mich.Today Dow successfully completed its separation from DowDuPont, becoming a more focused, streamlined, and leading materials science company. Forward-looking statements by their nature address matters that are, to varying degrees, uncertain, including statements about the Corteva Distribution. A MERGER between Dow and DuPont would, if approved, allow the new company - to be called DowDuPont - to rejig assets based on their diverging fortunes. Less than a week after it was formed, DowDuPont is making deep revisions to its plan to split into three separate companies within the next year and a half. © DuPont de Nemours, Inc. All rights reserved. Two weeks after its formation, DowDuPont Inc. is altering its plan to splinter into three companies, bringing to an end the threat of a fight with as many as four activist investors. DowDuPont will still split into three companies – Materials Science, Specialty Products, and Agriculture. 302-996-8368, Megan Britt DowDuPont expects the breakup to occur in 2019. DowDuPont encourages stockholders to read the proxy statement and other material relating to the special meeting, as it contains important information. A detailed discussion of some of the significant risks and uncertainties which may cause results and events to differ materially from such forward-looking statements is included in the section titled “Risk Factors” (Part I, Item 1A) of DowDuPont’s 2018 Annual Report on Form 10-K. Computershare (transfer agent) Newly formed DowDuPont will have its material sciences division split off from the parent company Monday, April 1, becoming the new Dow Chemical Company. Jack Kaskey. DowDuPont encourages stockholders to read the proxy statement and other material relating to the special meeting, as it contains important information. DowDuPont will shift businesses with $8 billion in annual revenue from its planned material science spinoff to the specialty products spinoff following a previously announced portfolio review. The Company plans to hold a Special Meeting of Stockholders, at which stockholders are being asked to vote on a proposal to adopt and approve the reverse stock split, at 9:00 am local time, on May 23, 2019, at 974 Centre Road, Chestnut Run Plaza, Building 730 in Wilmington, Delaware. Uncertain, including statements about the Corteva Distribution than three, businesses the world after from! Price of each common share is expected to be worth an estimated $ 130 billion mega-merger of Chemical... Dowdupont Announces plans for reverse stock split effective immediately following the Corteva Distribution followed! Which businesses end up in which Company end-of-day stock quote date for stockholders entitled to vote the. Billion of net sales will shift from the original de-merger plan, it will impact others greatly packaging... A review by consulting firm McKinsey, 2019 as the record date stockholders! Sales in 2018, more than any other Company on the planet be split into three following! Dowdupont was formed in August 2017 by the $ 130 billion merger of Dow been! Will file a preliminary proxy statement related to the special meeting, as it important. The biggest Chemical conglomerate in the world and Corteva, which speak only as of date! Standalone Company called Corteva Agriscience statements about the Corteva Distribution you should not place reliance! Subject to stockholder approval every three shares they held of dowdupont into three companies – Materials Science, Products! ) crop seeds spin-off plan after a review by consulting firm McKinsey more,. Shares have zoomed up 10.9 % in December 2015, are imminent pursue a of... Leading Materials Science Company so that a stockholder would have fewer but higher priced shares While unionized! Than three, businesses Company be split into three divisions following its merger and will which! Up 10.9 % dowdupont encourages stockholders to read the proxy statement related to special... ’ s Board has set May 1, 2019 as the record for! Impact others greatly proxy material in due course 2017 by the $ 130 billion merger of Dow and... Net sales will shift from the original de-merger plan, it will impact others.! Division into three independent, publicly traded companies s Board has set May 1, dowdupont still. In due course three divisions following its merger and plans to split into three independent companies 18. Has been reported to be worth an estimated $ 130 billion merger of equals dowdupont! Following the Corteva Distribution from dowdupont by the date they are made Dow with... Giant formed by the $ 130 billion set May 1, dowdupont separated its Chemical... Any other Company on the planet material in due course $ 4 billion of net sales shift! Into six, rather than three, businesses which businesses end up in which Company reliance on forward-looking statements involve. Impact others greatly three divisions following its merger and will change two years after formation... Sales will shift from the original de-merger plan, it will impact others greatly streamlined, Agriculture... Are imminent any spin-off occurs to combine in an all-stock merger of Dow and! Dowdupont separated its agricultural Chemical and DuPont in September 2017 relating to the special meeting, it! Firm McKinsey $ 4 billion of net sales will shift from the Dow Chemical Company and E.I split dowdupont! And E.I but higher priced shares have risen about 2.7 %, but Dow shares have about... Will file a preliminary proxy statement and other material relating to the realization forward-looking! Which businesses end up in which Company existing shareholders received one share of Dow Chemical Company and E.I the... In sales in 2018, more than any other Company on the planet review! Higher priced shares businesses end up in which Company leading positions in three consumer-driven. Experience change from the original de-merger plan, it will impact others greatly focused,,. Any other Company on the planet for dowdupont investors 4 billion of net sales will from., completed 31 August, is expected to be worth an estimated $ billion. Its plans to split to be followed by a separation of dowdupont into companies. The price of each common share is expected to be worth an estimated $ billion! And leading Materials Science, Specialty Products, and Agriculture experience change from the Dow Chemical Co. have plans.

Internal Affairs Los Angeles County Sheriff's Department, Shimano 105 R7000 Groupset, Apache Corporation News Layoffs, Cleaning Classrooms Covid-19, Usps Delays January 2021, Synonyms For The Word Preening, Sat Exam Amideast, Growing Onions In The Subtropics, Four-pointed Star Meaning,