If stockholders approve the reverse stock split, the Board of Directors will select a reverse stock split ratio of not less than 2-for-5 and not greater than 1-for-3, with an exact ratio as may be determined by the Board of Directors at a later date so that, depending on the ratio chosen, stockholders’ shares of issued and outstanding common stock will be converted at a ratio between (i) two shares of issued and outstanding common stock for every five shares of common stock owned and (ii) one share of issued and outstanding common stock for every three shares of common stock owned. ... and the hedge fund Third Point had urged in May that the company be split into six, rather than three, businesses. DowDuPont (DWDP) announced a finalized spin-off plan after a review by consulting firm McKinsey. Other locals have faced difficulties since DowDuPont split off into three companies—Dow, DuPont and Corteva—and Dow bought out its joint venture partner Corning Glass. DowDuPont (NYSE: DWDP) is a holding company with the intent to form strong, independent, publicly traded companies in agriculture (Corteva Agriscence™) and specialty products (DuPont) sectors. MIDLAND, Mich.Today Dow successfully completed its separation from DowDuPont, becoming a more focused, streamlined, and leading materials science company. Since then, DowDuPont shares have risen about 2.7%, but Dow shares have zoomed up 10.9%. It generated $86 billion in sales in 2018, more than any other company on the planet. The Company plans to hold a Special Meeting of Stockholders, at which stockholders are being asked to vote on a proposal to adopt and approve the reverse stock split, at 9:00 am local time, on May 23, 2019, at 974 Centre Road, Chestnut Run Plaza, Building 730 in Wilmington, Delaware. Dow shares will debut on the New York Stocks Exchange Tuesday, while being added to the Dow Jones Industrial Average, after the group was formally spun-off from parent DowDuPont Inc. DWDP last night. Company’s Action Intended to Increase the Market Price of Its Common Stock in Connection with the Intended Separation of Its Agriculture Business, Special Meeting of Shareholders to Approve Reverse Stock Split Scheduled for May 23, 2019. DowDuPont is the biggest chemical conglomerate in the world. The basic plan remains the same. Dow Inc. Jumps in Trading Debut After Split From DowDuPont By . Sign up now to receive up-to-date info for press releases, events, end-of-day stock quote. DuPont and The Dow Chemical Co. have announced plans to combine in an all-stock merger of equals into DowDuPont. April 1- DowDuPont Inc said on Monday it had completed the spin-off of its materials science division as part of a plan to split the chemical producer into … DuPont and Corteva will split June 1, two months after separating from the "new" Dow Chemical Co., Midland, Mich., under a plan designed to boost payments to shareholders while legally avoiding federal income taxes on business sales. Two weeks after its formation, DowDuPont Inc. is altering its plan to splinter into three companies, bringing to an end the threat of a fight with as many as four activist investors. As part of the revised plan, DowDuPont will split the old Dow Corning and distribute its lucrative silicone business among the materials and specialty companies. WILMINGTON, Del., April 3, 2019 – DowDuPont Inc. (NYSE: DWDP) announced today that its Board of Directors has approved a reverse stock split of the Company’s common stock. The company, formed by the union of Dow Chemical Co. and DuPont Co. on Aug. 31, has long planned to split into separate companies in the next 18 months: agriculture, specialty … Two weeks after its formation, DowDuPont Inc. is altering its plan to splinter into three companies, a step that appears set to end the threat of a fight with as many as four activist investors. +1-866-644-4129 (Toll-free; US + Canada only) Forward-looking statements, including those related to DowDuPont’s ability to complete, or to make any filing or take any other action required to be taken to complete, the Corteva Distribution, are not guarantees of future results and are subject to risks, uncertainties and assumptions that could cause actual results to differ materially from those expressed in any forward-looking statements. At the time of the split, DowDuPont shares were trading at just under $37 per share, while the new Dow shares opened at $49.80 per share. DowDuPont encourages stockholders to read the proxy statement and other material relating to the special meeting, as it contains important information. DowDuPont was formed in August 2017 by the $130 billion mega-merger of Dow Chemical Company and E.I. On June 1, DowDuPont separated its agricultural chemical and seed business into a standalone company called Corteva Agriscience. The merger has been reported to be worth an estimated $130 billion. As such, if the reverse stock split is completed, then stockholders will receive one (1) new share of DowDuPont common stock for every three (3) shares of DowDuPont common stock held on June 1, … The reverse stock split is subject to stockholder approval. DowDuPont will shift businesses with $8 billion in annual revenue from its planned material science spinoff to the specialty products spinoff following a previously announced portfolio review. Existing shareholders received one share of Dow for every three shares they held of DowDuPont. DowDuPont encourages stockholders to read the proxy statement and other material relating to the special meeting, as it contains important information. The reverse stock split is intended to increase the market price of DowDuPont’s common stock in connection with the Company’s intended distribution of all of the shares of common stock of its wholly owned subsidiary, Corteva Inc., which holds the Company’s Agriculture Business, to the holders of the Company’s common stock on a pro rata basis (the “Corteva Distribution”). DowDuPont stock is nearly unchanged since management announced plans for a strategic split more than four years ago. Two weeks after its formation, DowDuPont Inc. is altering its plan to splinter into three companies, a step that appears set to end the threat of a fight with as many as four activist investors. 333-209869), as last amended on June 7, 2016, and declared effective … DowDuPont is heading for a historic split. Jack Kaskey. A MERGER between Dow and DuPont would, if approved, allow the new company - to be called DowDuPont - to rejig assets based on their diverging fortunes. Jack Kaskey. The plan … DowDuPont Revises Breakup Plan Opposed by Activist Investors. Forward-looking statements by their nature address matters that are, to varying degrees, uncertain, including statements about the Corteva Distribution. Two weeks after its formation, DowDuPont Inc. is altering its plan to splinter into three companies, a step that appears set to end the threat of a fight with as many as four activist investors. DowDuPont was formed in August 2017 by the $130 billion mega-merger of Dow Chemical Company and E.I. DowDuPont, formed through the ... As part of the revised plan, DowDuPont will split the old Dow Corning and distribute its lucrative silicone business among the materials and specialty companies. You should not place undue reliance on forward-looking statements, which speak only as of the date they are made. The company, formed by the union of Dow Chemical Co. and DuPont Co. on Aug. 31, has long planned to split into separate companies focused on agriculture, specialty-chemical products and materials. Company Moves Forward Toward Intended Separation into Industry-Leading, Publicly Traded Companies in Agriculture, Materials Science and Specialty Products; Separations Expected to Occur Within 18 Months MIDLAND, Mich., and WILMINGTON, Del., Sept. 1, 2017 – DowDuPont™ (NYSE:DWDP) today announced the successful completion of the merger of equals between … Stockholders may obtain a free copy of the proxy statement and other documents that the company files with the SEC at the SEC’s website at www.sec.gov, or from the company by directing a request to DowDuPont Inc., 974 Centre Road, Wilmington, Delaware 19805, Attention: Investor Relations, or at www.dow-dupont.com. The plan has won support … For example, most of the USW Local 12075 membership at the Midland, Mich., site will be spun In this context, forward-looking statements often address expected future business and financial performance and financial condition, and often contain words such as “expect,” “anticipate,” “intend,” “plan,” “believe,” “seek,” “see,” “will,” “would,” “target,” and similar expressions and variations or negatives of these words. DowDuPont CEO Says Future Split-Offs Likely (continued from page 1) the time before any spin-off occurs. The companies said the proposed split would create businesses focused on agriculture, materials and specialty products. The company’s plan to pay out $2.1 billion a year, a yield of about 5 percent, is “sustainable,” he said. DowDuPont () - Get Report said Friday its board approved the separation of DowDuPont's materials science division, which will become the new Dow, an independent, publicly traded company, on April 1. 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