Stockholders for Dow Chemical and DuPont will hold separate shareholder meetings next month to vote on the proposed merger between the two companies. Both meetings will be held on July 20. DuPont’s meeting will take place at its Wilmington, Delaware, headquarters, and Dow Chemical’s meeting will be at its Midland, Michigan, offices. The two companies announced a merger in December worth more than $120 billion. Once completed, Dow and DuPont will split into three separate publicly traded companies focused on agriculture, material science, and specialty products. The combined company would have about $90 billion in total revenue, based on 2014 numbers.
If approved, the merger would mark the end as independent entities of two of America’s oldest corporations as DuPont was founded in 1802 and Dow started in 1897.
Source: NAFB News Service