Dow Chemical, DuPont to close $62B merger Aug. 31

DuPont and Dow Chemical Co. say they have cleared all regulatory hurdles and will complete their planned merger at the end of the month.

The two companies issued a statement Friday saying the $62 billion merger will become official after the markets close Aug. 31, and that shares of the new DowDuPont company will trade on the New York Stock Exchange beginning Sept. 1 under the ticker symbol DWDP.

DuPont, based in Wilmington, Delaware, and founded in 1802, employs about 46,000 workers, according to its annual report

Dow Chemical, based in Midlands, Michigan, employs about 56,000 people. Dow is the parent company of Indianapolis-based Dow Agrosciences.

After the merger, the company will have dual headquarters in Michigan and Delaware. The companies said Wilmington will be the headquarters for the combined agricultural business, but Dow Agro, which has about 1,500 employees in the Indianapolis area—will be one of its two “global business centers.”

The companies announced their plans to merge in December 2015.

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