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Dow and DuPont - Receive Conditional Approval from EU for Proposed Merger of Equals - March 27, 2017

agribusiness-jobs.de:
DuPont, WILMINGTON, Del. / Dow Chemical, MIDLAND, Mich. - March 27, 2017 - DuPont (NYSE: DD) and The Dow Chemical Company (NYSE: DOW) announced that the European Commission (EC) has granted conditional regulatory clearance in Europe of the companies’ proposed merger of equals. This regulatory milestone is a significant step toward closing the merger transaction, with the intention to subsequently spin into three independent publicly traded companies. The transaction is expected to create significant cost synergies of approximately $3 billion with the potential for $1 billion in growth synergies. Longer term, the intended three-way split is expected to unlock even greater value for shareholders and customers and more opportunity for employees as each company will be a leader in attractive segments where global challenges are driving demand for their distinctive offerings. Andrew N. Liveris, Chairman and CEO The Dow Chemical Company. Edward D. Breen (Vorsitzender und CEO), E. I. du Pont de Nemours and Company (DuPont). ... read more - lmv-jobboerse - lmv-presse - Manfred Lorenzen, Soest
Quelle:
DuPont / Dow Chemical Company