International. DowDuPont announces the successful completion of the peer-to-peer merger of The Dow Chemical Company and DuPont, effective August 31, 2017. The combined entity operates as a holding company under the name "DowDuPont" with three divisions – Agriculture, Materials Science and Specialty Products.
Shares of DuPont and Dow ceased trading at the close of the New York Stock Exchange (NYSE) on August 31, 2017. Starting today, DowDuPont will begin trading on the New York Stock Exchange under the ticker symbol "DWDP." Pursuant to the merger agreement, Dow shareholders received at a rate of 1 to 1 (one Dow share for one DowDuPont share) and DuPont shareholders received at a rate of 1,282 to 1 (1,282 DowDuPont shares for one DuPont share).
"Today (August 31) marks a significant milestone in the historic trajectories of our two companies," said Andrew Liveris, Executive Chairman of DowDuPont. "We are very excited to complete this transformative merger and move forward with the creation of three industry-leading, independent and publicly traded companies. While our collective heritage and strength are impressive, the true value of this merger lies in the planned creation of three powerful industries that will define their markets and drive growth for the benefit of all stakeholders. Our teams have been working for more than a year on integration planning and, starting today, we will have the opportunity to execute those plans with the intention of completing the separations as quickly as possible."
DowDuPont's Board of Directors consists of 16 members, eight of whom served on the DuPont Board and eight on the Dow Board of Directors. There are two principal directors: Jeffrey Fettig, who previously served as Dow's independent director; and Alexander Cutler, who previously served as an independent Director of DuPont. Liveris will act as Executive Chairman of the Board and Breen will also be present on the Board.
