Shareholders for both DuPont (NYSE: DD) and The Dow Chemical Co. (NYSE: DOW) have been cleared to vote on the proposed $130 billion merger. In February, Dow provided details of the locations involved in the combination, including a presence at what is now the Dow AgroSciences LLC headquarters in Indianapolis.
The company plans to spin out into three independent companies, including an $18 billion agricultural giant, which would be the world’s largest of its kind. The headquarters will be in Delaware and as Inside INdiana Business reported in February, Indiana stood a chance of being left out of DowDuPont’s future. Top officials from all corners of state and local government, industry and higher education joined together in a successful play to keep jobs here, which Indiana Secretary of Agriculture Ted McKinney says "knocked their socks off."
The companies have begun mailing joint proxy statements to shareholders in anticipation of special meetings held at the companies’ respective headquarters on July 20. Dow and DuPont both continue to believe the deal will close some time by year’s end. The separation into three companies is expected to take up to two years.
You can connect to more about the recent approval by clicking here.