DowDuPont common stockholders received one share of common stock of Dow for every three shares of DowDuPont common stock they held as of the close of business on March 21, 2019. DowDuPont common stockholders will also receive cash in lieu of fractional shares of Dow common stock.
“Today’s announcement completes our first step toward creating three strong, independent growth companies set to be industry leaders focused on driving innovation and delivering long-term value for shareholders,” said Ed Breen, CEO of DowDuPont.
DowDuPont remains on track to complete the previously announced separation of its Agriculture Division (Corteva Agriscience) on June 1, 2019. Subsequent to the Corteva distribution, DowDuPont would hold the Specialty Products Division and be renamed DuPont.