DowDuPont Details Post-Merger 'Targeted Adjustments'

Posted: Updated:
Pre-merger, DowDuPont Executive Chairman Andrew Liveris (pictured left) was the Dow Chemical Co. CEO. DowDuPont CEO Edward Breen was CEO of DuPont before what the companies tabbed a merger of equals. Pre-merger, DowDuPont Executive Chairman Andrew Liveris (pictured left) was the Dow Chemical Co. CEO. DowDuPont CEO Edward Breen was CEO of DuPont before what the companies tabbed a merger of equals.
MIDLAND, Michigan and WILMINGTON, Delaware -

The newly-merged DowDuPont (NYSE: DWDP) has detailed several changes to two of the three planned spin-out companies that will emerge from the $130 billion combination. The agriculture-focused spin-out, which will be headquartered in Delaware and have a global business center at the current Dow AgroSciences LLC HQ in Indianapolis, is not expected to be affected by what the company calls "targeted adjustments."

DowDuPont says board-approved changes to the Materials Science and Specialty Products divisions will "better equip each to compete successfully as industry leaders." The company says the decision was formed through a review led by top independent directors, McKinsey & Co. recommendations, input from stakeholders and knowledge gathered over 20 months of pre-merger activity. It expects the merger and resulting independent companies to lead to some $3 billion in cost synergies and approximately $1 billion in growth synergies.

You can connect to details about the merger and adjustments by clicking here.

  • Perspectives

    • Spring Cleaning? Add Your Finances to The List

      It's that time of year. Time to freshen-up the house, your closet and the yard. Another important item that should be on your spring-cleaning "to do" list: tidy-up your personal financial situation. Don't know where to begin? Here's an easy four-step checklist!

    More

Subscribe

Name:
Company Name:
Email:
Confirm Email:
HTML
INside Edge
Morning Briefing
BigWigs & New Gigs
Life Sciences Indiana
Indiana Connections
INPower
Subscribe
Unsubscribe

Events



  • Most Popular Stories

    • Battery Systems Manufacturer Expanding in Kokomo

      Kokomo-based Green Cubes Technology has announced plans to expand its Howard County operations. The company, which manufactures advanced battery power systems, will invest $1.8 million to build a new global headquarters and create more than 70 jobs by the end of 2021. The Indiana Economic Development Corp. says the 20,000-square-foot facility will also serve as the company's technology center and manufacturing site, nearly doubling its current footprint. 

    • Lippert to Break Ground on Manufacturing Plant

      Elkhart-based Lippert Components Inc. will Monday break ground on a new facility at its manufacturing complex in Goshen. LCI says the 107,000-square-foot facility will be used for the manufacturing of I-beams used in nearly every chassis frame the company produces. Financial terms of the company's investment in the facility were not disclosed. LCI manufactures chassis for the towable RV, trailer, park model and residential housing markets. The company says the new...

    • (Service area map provided by Vectren.)

      What Does Vectren Merger Mean?

      A utility industry observer says he does not think the planned $6 billion merger of Evansville-based Vectren Corp. (NYSE: VVC) and CenterPoint Energy Inc. (NYSE: CNP) will have a major impact in Indiana. Doug Gotham, who serves as director of the State Utility Forecasting Group at Purdue University, also says he is not aware of any recent mergers that have been shut down by Federal Energy Regulatory Commission, a key hurdle that remains to be cleared. CenterPoint says plans...

    • Vectren, Texas Company Detail Merger Plans

      A Texas-based energy company with operations in six states has announced a $6 billion merger with Evansville-based Vectren Corp. (NYSE: VVC). Under terms approved by both CenterPoint Energy Inc.'s (NYSE: CNP) and Vectren's boards of directors, Vectren shareholders will receive $72 per share and CenterPoint will assume the Hoosier company's debt. Vectren Chief Executive Officer Carl Chapman says the combined company's natural gas utility operations will be headquartered in Evansville.

    • (photo courtesy Daviess County Economic Development Corp.)

      Manufacturer Adding Production Line in Daviess County

      Florida-based ISOFlex Packaging will Tuesday celebrate the opening of a third production line at its facility in Daviess County. The company, which produces specialty plastic films and bags, will add a small number of jobs as a result. The company has invested more than $4 million into the new production line. The facility originally opened in 2014 following a $25 million investment by Alliance Barrier Films, which was acquired by ISOFlex in January.