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Dow, DuPont Provide Update on Merger

Reaffirmed expectation to close the merger in August 2017, with intended spin-offs to occur within 18 months of closing.

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By: DAVID SAVASTANO

Contributing Editor, Coatings World and Ink World, Coatings World and Ink World Magazine

The Dow Chemical Company and DuPont jointly provided an update on the status of the anticipated merger of the two companies.
 
The Boards of Directors of both companies reiterate their support of the merger agreement. In addition, as announced, both boards support a comprehensive portfolio review for DowDuPont in preparation for the intended creation of three industry-leading companies. The boards have jointly commenced the review and have engaged McKinsey & Co. to assist the companies in this assessment.
 
The companies reaffirmed their expectation to close the merger in August 2017, with the intended spin-offs to occur within 18 months of closing.
 

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