Dow and DuPont complete $130bn merger

By Prasun Bose

Dow and DuPont have completed their $130bn merger, forming DowDuPont.

The deal, which was originally agreed back in 2015, was finalised on Friday, with the new company set to function under the ticker symbol “DWDP” on the New York Stock Exchange.

Three core divisions will make up the operation; Agriculture, Materials Science and Specialty Products. 

“Today marks a significant milestone in the storied histories of our two companies,” said Andrew Liveris, executive chairman of DowDuPont. 

See also:


“We are extremely excited to complete this transformational merger and move forward to create three intended industry-leading, independent, publicly traded companies. 

“While our collective heritage and strength are impressive, the true value of this merger lies in the intended creation of three industry powerhouses 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 -- as of today -- we will hit the ground running on executing those plans with an intention to complete the separations as quickly as possible.”

Dow had revealed leadership changes on Thursday ahead of the announcement, with Reiner Roghmann taking on the vice president of operations for North America, North role and Rich Wells becoming VP of operations for the U.S. Gulf Coast and Texas.

Share

Featured Articles

How Elon Musk pulled off a $44bn hostile takeover of Twitter

As the world’s richest man, Elon Musk, takes over tech giant Twitter, we highlight the timeline that led to this titanic takeover

Amazon, Alphabet, Wells Fargo best workplaces, says LinkedIn

The top 50 workplaces to grow careers prioritise flexible work and tuition-support programs, as top-ranking firms Amazon and Alphabet prove, says LinkedIn

Top 10 women in technology in the US

These 10 women in tech are forging a path into bold areas of innovation and technological ambition, according to sister publication Technology Magazine

8 executive moves to crypto – from mainstream to startup

Technology & AI

Digital Twins tech ‘missing link’ in urban decarbonisation

Technology & AI

The Metaverse Foundry from Infosys is a business playground

Technology & AI