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Dow and Dupont Officially Mergered05 September 2017 , 06:39 WIB | Read : 43 | By : Administrator
InfoSAWIT, JAKARTA – DowDuPont™ (NYSE:DWDP) recently announced the success to do equal merger between The Dow Chemical Company (“Dow”) and E.I. du Pont de Nemours & Company (“DuPont”) andhas effectively run since 31 August 2017. The merger of the companies now operates as “DowDuPont™” that has three divisions, that is, Agriculture, Materials Science,andSpecialty Products.
The share of DuPont and Dow was stopped to operate in the closing day in New York Stock Exchange (NYSE) on 31 August 2017. Starting the day, the share of DowDuPont would be traded in NYSEwithin the share code “DWDP.” Based on the agreement of merger, the share holders would get fixed exchange ratio about 1.00 share of DowDuPont for every share of Dow, while the share holders of DuPont would get fixed exchange ratio about 1.282 shares of DowDuPont for every share of DuPont.
Executive Chairman of DowDuPont, Andrew Liveris, said, this is a big history of the two companies. The companies has accomplished the transformational merger and the next is, the company would make three companies which would be in public that becomes the leader in the industries. “Our team has cooperated for more than one year to plan the integration (merger) and today, we would plan the integration to solve the separation of the company as fast as it possible,” he said in the official statement that InfoSAWIT got.
Meanwhile, Chief Executive OfficerofDowDuPont, Ed Breen, said, for the share holders, customers, and employees, the closing of the transaction is the defenitive one to get higher value and the big chance to get the future that has been developed based on innovation and sustainable development. “DowDuPont is the base for the threee strong companies that have been planned, would have better positions to re- invest in science and innovation, would help to solve the developing customers’ challenge and would get the long term profit for the share holders,” Breen said.
By the successful merger, the focus of the company is to accomplish the structure of the organization that would be the base of the three strong companies that have been planned and designed, and would be synergy to realize the values of the companies. Having the clear focus, the visibility of the market and productive R&D of each company after it is separated, would be complete to be successful in the competition as the leader in our industry.(T2)