Since it agreed to acquire rival DuPont in 2015 and then break apart into three separate, publicly traded companies Dow has been a whir of activity. In March the European Union approved the proposed merger, but with significant adjustments. Both companies have agreed to divest key businesses to ensure that the deal doesn’t impede price competition in the broader marketplace; DuPont has agreed to sell its pesticide businesses and almost the entirety of its R&D operation. But as the new Dow moves closer to its debut, the current one recently announced 17 consecutive quarters of year-over- year operating earnings per share growth and an operating EBITDA of $9.8 billion, an all-time high. The company’s 2016 annual report boasted another record: 754 U.S. patent grants. Moving forward, Dow plans to focus on agriculture, material science, and the production and sale of specialty products.
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News about Dow Chemical
Activists have been working behind the scenes since January.
The CEOs of Merck, Under Armour, and Intel have resigned from the council.
On condition that the companies sell certain crop protection products and other assets.