DowDuPont announced the filing of the initial Form 10 registration statement with the U.S. Securities and Exchange Commission (“SEC”) for the separation of its Materials Science Division as the new Dow. The new Dow, based in Midland, Michigan, USA, will be a “more focused and agile solutions provider, well-positioned to quickly and effectively innovate and grow with customers in our targeted market verticals to deliver greater shareholder value”, according to the company.
The new Dow will have a portfolio comprised of six global business units, serving three consumer-driven market verticals: consumer care, infrastructure, and packaging. Consistent with the Form 10 process, the filing will be iterative, with additional information regarding capital structure, dividend policy, governance, initiation of Dow common stock upon separation from DowDuPont and other matters filed in subsequent versions of the document.
Dow anticipates the SEC will declare the Form 10 effective in the first quarter of 2019, aligned to the company’s timeline to separate from DowDuPont by April 1, 2019. As previously announced, the Agriculture (Corteva Agriscience) and Specialty Products (DuPont) Divisions are expected to separate by June 1, 2019.
- The Form 10
- DowDuPont, Midland, MI, and Wilmington, DE, USA
- Split of DowDuPont,
ChemistryViews.org 27 February 2018.
Names announced of DowDuPont’s forthcoming spinoffs