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Tuesday, April 2, 2019

=Dow (DOW) successfully completes separation from DowDuPont (DWDP)

DowDuPont Inc. is an American company formed after the merger of Dow Chemical and DuPont on August 31, 2017. It is the world's largest chemical company in terms of sales. Within 18 months the company will be split into three publicly-traded companies which will focus on the following:
  • agriculture -- Corteva Agriscience, 
  • materials science -- Dow Inc., and 
  • specialty products -- DuPont.

DowDuPont (NYSE:DWDP) has completed the spin-off of its materials science arm as part of a plan to split the chemical producer into three separate units.

Shares of the new division, Dow, will begin trading on the NYSE today under its historical ticker symbol "DOW."

"The new Dow is a more focused and streamlined company with a clear playbook to deliver long-term earnings growth and value creation for all stakeholders," said CEO Jim Fitterling.

Corteva, the agriculture unit, is set to separate from the new specialty chemical maker DuPont on June 1.

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