On December 11, 2015, The Dow Chemical Company (NYSE: DOW) announced a definitive agreement with DuPont (NYSE: DD) to combine through a merger of equals transaction with the intent to subsequently separate and create three leading, independent, science-based companies. For additional information and frequently asked questions, visit our Retiree FAQ page.
1Based on Dow's and DuPont's Net Sales as reported in each company's 2015 Form 10-K filing, plus revenue attributable to Dow Corning Silicones in 2015.
2Projected ~$30B in stockholder value based on assumption of an EV/EBITDA multiple of 10x on the $3B in synergies.
3“Stand up” is the process of creating a standalone legal entity structure for the businesses that are intended to be carved out for the spins.
4The intended spins are expected to be completed as soon as practicable following the transaction close, not expected to exceed 18-24 months following close, subject to regulatory and board approval.
For questions about the transaction contact:
Investor Relations: Toll-Free:
1-800-422-8193 / IR@dow.com
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