DowDuPont announced that it has completed the separation of its Materials Science Division through the spin-off of Dow Inc.
On March 21, 2019, DowDuPont common stockholders received one share of Dow’s common stock for every three DowDuPont common stock shares they held at the close of business. Common stockholders of DowDuPont will also receive cash instead of Dow common stock fractional shares.
DowDuPont will complete previously announced separation of its Agriculture Division on June 1, 2019 through pro – rata basis (the “Corteva Distribution”) distribution of all the common stock shares of its wholly – owned subsidiary, Corteva, which holds the Agriculture Division of the company, to the holders of the company’s common stock.
Subsequent to the Corteva Distribution, DowDuPont would hold the Specialty Products Division and be renamed “DuPont.”
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