4/2/2019, 6:43 AM (Source: TeleTrader)
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DowDuPont completes spin-off of Dow Inc.

DowDuPont Inc. completed the separation of its Materials Science Division through the spin-off of Dow Inc., the chemical giant announced.

The new company will begin trading on the New York Stock Exchange on April 2 under the symbol DOW. For every three shares of DowDuPont, company stockholders received one share of common stock of Dow.

"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," CEO Ed Breen said in a press release, adding the Dow will be "more focused, disciplined and market-oriented company, and I am excited for the tremendous opportunities ahead for its employees, shareholders, and customers."

Breaking the News / MD