DowDuPont completes spinoff of materials science unit


Reuters — DowDuPont said Monday it had completed the spinoff of its materials science division as part of a plan to split the chemical producer into three separate units.

Shares of the new division, Dow, will begin trading on the New York Stock Exchange on Tuesday.

Dow and Dupont completed a US$130 billion merger in 2017 to form DowDuPont and had outlined a plan to create three separately traded companies focusing on agriculture, plastics and specialty products.

Corteva, the agriculture unit, is set to separate from the new specialty chemical maker DuPont on June 1.

— Reporting for Reuters by John Benny in Bangalore.

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