June 28, 2017 / 11:07 PM / in a year

Dow and DuPont reaffirm to close merger in August 2017

June 28 (Reuters) - Dow Chemical Co and DuPont on Wednesday reaffirmed their expectation to close their merger in August.

Boards of both companies have jointly started a portfolio review and have engaged McKinsey & Company to assist in the assessment.

Alexander Cutler, lead director of DuPont, said, “If results of our review demonstrate there is net greater long-term value creation to be realized through a change in portfolio, it will be pursued.”

Canada’s Competition Bureau said on Tuesday it would allow a planned merger between DuPont and Dow after both firms agreed to dispose of some assets. (Reporting by Bhanu Pratap in Bengaluru; Editing by Bill Trott)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below