DowDuPont (DWDP) said that its board has approved the separation of DowDuPont’s Materials Science Division, which will become the new Dow on April 1. In connection with the separation, the DowDuPont board of directors declared a pro rata dividend of all of the outstanding shares of common stock of Dow Inc.
Source: www.rttnews.com
DowDuPont announced that its board has approved the separation of its Materials Science Division, creating the new Dow on April 1, 2019 (distribution date). The separation will take place through the spin-off ratio of 1:3, implying that each DowDuPont stockholder will receive 1 share of Dow common stock for every 3 shares of DowDuPont common stock they held on the record date of March 21, 2019. When-issued trading for Dow common stock is expected to begin on or about March 20, 2019. Regular-way trading will commence on April 2, 2019 on the NYSE under the symbol “DOW”.
