Delaware Public Media

DowDuPont

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Dow Chemical merged with DuPont back in August - creating a 103 billion dollar company. It is now consolidating operations ahead of breaking into three smaller entities - two of which will call Delaware home.

DowDupont

Delaware will get a bit more of the recently merged DowDuPont.

Company officials announced Tuesday seven additional businesses will move into the planned Specialty Products spinoff in Delaware.


DowDupont

The Dow-DuPont merger becomes a reality at the end of  this month.

The two companies announced Friday they’ve received all required regulatory approvals and clearances – and will close their over $140 billion deal on August 31st.

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The Dow-DuPont merger cleared its final U.S. hurdle Thursday.

The U.S. Department of Justice Anti-Trust Division gave the $140 billion dollar deal its blessing after reviewing it for about a year.

Once the merger is completed, the combined company plans to split into three independent companies by 2019.  Two of them – specialty products and agriculture – will be headquartered in the First State.

In a joint statement, Dow and DuPont say they expect the merger to be finalized this August.  They first announced it in December 2015.

Shareholders OK Dow-DuPont merger plan

Jul 20, 2016
DowDupont

Shareholders in DuPont and The Dow Chemical Company approved a merger of the two entities Wednesday.

DuPont shareholders held their vote during the company’s annual meeting Wednesday morning.  Dow shareholders also voted Wednesday morning in favor of creating a combined 130 billion dollar entity.

DuPont saw sales fall in the first quarter of the year, dropping five and a half percent from a year ago.

The chemical giant posted net sales of $7.4 billion – down from $7.8 billion.  The drop is largely the result of a strong U.S. dollar overseas.

DowDupont

Gov. Jack Markell (D) and state lawmakers have widely lauded an incentive package as part of an effort to retain DuPont jobs in Delaware, but they are largely ignoring the bill that comes with it, totaling tens of millions of dollars.

Latest DowDuPont incentives signed into law

Mar 17, 2016
Delaware Public Media

The latest bill authorizing parts of an incentive package to keep a DuPont presence in Delaware passed the House with relative ease Thursday, clearing its way into law.

 

Delaware Public Media

 

Delaware state lawmakers are fast tracking a bill renewing tax credits for businesses – mostly as part of their incentive package to Dow and DuPont to land two of their spin off companies following a planned merger.

 

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New Castle County Council is considering a measure that would provide DowDuPont $7.5 million in incentives.

Legislation creating a strategic economic development fund to offer incentives to companies to stay or move to the county was introduced Tuesday night. If approved, the $7.5 million, taken from the county’s operating budget, would be paid to DowDuPont over five years.

DowDuPont has committed to make New Castle County home to two companies that will spin off after its planned merger is completed.

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