DowDuPont the company announced the successful completion of the equivalent of the merger of The Dow Chemical Company (Dow) and E. I. du Pont de Nemours & Company (DuPont) entered into force on August 31, 2017
Combined entity is a holding company called DowDuPont, composed of three divisions: Products for the agriculture, high-tech materials and Special products.
Stock trading companies DuPont and Dow terminated August 31, 2017 after the close of the new York stock exchange. From 1 September on the stock exchange started the trading of DowDuPont.
In accordance with the terms of a merger agreement, Dow shareholders received shares of the new company in accordance with a fixed ratio of 1 share DowDupont for each share of Dow, and DuPont shareholders received shares of the new company in accordance with a fixed ratio: 1,282 shares DowDuPont for each share of DuPont.
Further, in 1.5-2 years it is planned to divide DowDuPont into three separate independent company with the provisional name Agriculture Company, a Material Science Company and Specialty Products Company.
On the merger of Dow and DuPont, it was announced in December 2015, the Aggregate market capitalization of the two giants will reach $130 billion.
The merger of Dow and DuPont is one of the three largest deals, which when completed will completely change the appearance of the global agrochemical industry. Recall, Bayer AG wants to get permission to buy Monsanto Co., but the deal China National Chemical Corp. on the purchase of Syngenta AG is actually completed. If all the transactions are completed, the industry will be divided between the four major players, including BASF.