Dow headquarters, Midland Michigan

DowDuPont will have a combined market place capitalization of approximately $130 billion at the announcement. Under the terms of the transaction, Dow shareholders volition receive a stock-still exchange ratio of ane.00 share of DowDuPont for each Dow share, and DuPont shareholders will receive a fixed exchange ratio of ane.282 shares in DowDuPont for each DuPont share. Dow and DuPont shareholders volition each ain approximately fifty% of the combined company on a fully diluted basis excluding the preferred shares.

"This transaction is a game-changer for our industry and reflects the culmination of a vision we have had for more than a decade to bring together these two powerful innovation and fabric science leaders," said Andrew N Liveris, Dow'south chairman and chief executive officer. "Over the last decade our entire industry has experienced tectonic shifts as an evolving world presented complex challenges and opportunities. This required each company to do foresight, agility and focus on execution. This transaction is a major accelerator in Dow'southward ongoing transformation, and through this we are creating pregnant value and three powerful new companies. This merger of equals significantly enhances the growth contour for both companies, while driving value for all of our shareholders and our customers."

"This is an boggling opportunity to deliver long-term, sustainable shareholder value through the combination of two highly complementary global leaders and the creation of three stiff, focussed, industry-leading businesses. Each of these businesses will be able to allocate majuscule more effectively, employ its powerful innovation more productively, and extend its value-added products and solutions to more than customers worldwide," said Edward D. Breen, chairman and primary executive officer of DuPont. "For DuPont, this is a definitive leap forward on our path to higher growth and higher value. This merger of equals volition create significant most-term value through substantial cost synergies and additional upside from growth synergies. Longer term, the three-fashion split nosotros intend to pursue is expected to unlock even greater value for shareholders and customers and more than opportunity for employees."

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