DOW DU PONT MERGER

ABOUT DOW CHEMICALS:

The Dow Chemical Company, commonly referred to as Dow, was an
American multinational chemical corporation headquartered in Midland, Michigan,
United States, and the predecessor of the merged company Dow DuPont. In 2017, it
was the second-largest chemical manufacturer in the world by revenue. The Dow
Company manufactures and sells chemicals, plastic materials, agricultural services
and other specialized products and services. The Dow Chemical Company is a
leading producer of plastics, chemicals, hydrocarbons, and agrochemicals. Dow was
incorporated in 1897. It is the second largest chemical company worldwide (after
BASF). The Dow Chemical Company (Dow) is engaged in the manufacture and sale
of chemicals, plastic materials, agricultural and services, and other specialized
products and services. It delivers a range of products and services to customers in
approximately 160 countries to growth sectors such as electronics, water, energy,
coatings and agriculture. The Company operated 214 manufacturing sites in 37
countries. Dow operates in eight business segments: Electronic and Specialty
materials, Coatings and Infrastructure, Health and Agricultural sciences,
Performance systems, Performance products, Basic plastics, Basic chemicals, and
Hydrocarbons and Energy. Dow Chemical has a total of 42 subsidiaries and joint
ventures. Dow chemicals was a listed company at the New York Stock Exchange.

ABOUT DUPONT:
E. I. du Pont de Nemours and Company, commonly referred to as DuPont, was an
American conglomerate that was founded in July 1802 as a gunpowder mill
by American chemist and industrialist Éleuthère Irénée du Pont. In the 20th
century,DuPontdevelopedmany polymers suchas Vespel, neoprene, nylon, Corian,
Teflon,Mylar, Kapton, Kevlar,Zemdrain, M5fiber, Nomex, Tyvek, Sorona, Corfam
and Lycra. DuPont developed Freon (chlorofluorocarbons)for the refrigerant
industry, and later more environmentally friendly refrigerants. It also developed
synthetic pigments and paints including Chroma Flair. In 2014, DuPont was the
world's fourth largest chemical company based on market capitalization and eighth
based on revenue. On August 31, 2017 it merged with the Dow Chemical
Company to create Dow DuPont Inc., the world's largest chemical company in terms
of sales. Edward D. Breen was named the CEO of DuPont in 2015. It has over 140
Major Subsidiaries under it.

DOWDUPONT:
Dow DuPont (NYSE: DWDP) is a holding company comprised of The Dow
Chemical Company and DuPont with the intent to form strong, independent,
publicly traded companies in agriculture, materials science and specialty products
sectors that will lead their respective industries through productive, science-based
innovation to meet the needs of customers and help solve global challenges. Shares
of the new entity, Dow DuPont, began trading on the New York Stock Exchange
from Sept. 1, under the ticker symbol "DWDP."
On December 11, 2015, DuPont announced that it would merge with the Dow
Chemical Company, in an all-stock deal. The combined company, which will be
known as Dow DuPont, will have an estimated value of $130 billion, be equally held
by the shareholders of both companies, and maintain their headquarters
in Delaware and Michigan respectively. Within two years of the merger's closure,
expected in the first quarter of 2017 and subject to regulatory approval, Dow DuPont
will be split into three separate public companies, focusing on the agricultural
chemicals, materials science, and specialty product industries. Commentators have
questioned the economic viability of this plan because, of the three companies, only
the specialty products industry has prospects for high growth. The outlook on the
profitability of the other two proposed companies has been questioned due to
reduced crop prices and lower margins on plastics such as polyethylene. They have
also noted that the deal is likely to face antitrust scrutiny in several countries. This
eventually became the case, with two delays taking place due to regulatory
approvals. The merger was closed on August 31, 2017.
The complementary portfolios of Dow and DuPont created three strong competitors
that will lead their respective industries through productive innovation to meet the
needs of customers and help solve global challenges.
The true value of this merger lies in the intended creation of three industry powerhouses
that will define their markets. Post-merger, Dow and DuPont are expected to break up
into three independent, publicly traded units within the next 18 months. Each division
and intended company will lead its respective industry through productive, science-
based innovation to meet the needs of customers and help solve global challenges.
BENEFITS OF THE DOWDUPONT MERGER:

 DEEP ROBUST PORTFOLIOS: The combination of complementary

portfolios of both companies will provide customers with superior solutions
and expanded choices. Together this portfolio will create a back integrated,
value growth business that offers a robust suite of world-class polyethylene
products, specialty resins, elastomers and adhesives for high growth markets
in food packaging, health & hygiene, transportation, infrastructure and
consumer durables.
 Forward Focus on Digitalization: With R&D more focused and closer to
the customer, Dow Dupont can build on its rich histories in science and
technology to innovate more productively and reinvest capital more
effectively. With the technology of heritage Union Carbide, Dow, Rohm &
Haas, Dow Corning, and now DuPont all under one roof will leverage these
capabilities and combine their digital platforms, business models, and tools
to build end-to-end teams and work processes fed by live data.

 CUSTOMER FOCUSED APPROACH TO INNOVATION: The expanded

market Access of the company post-merger, by leveraging the customer
relationships and distribution networks of both DuPont and Dow they aim to
grow further. Dow Dupont will be driven from the customer back through the
organization. Not function driven. Not driven by traditional product-push
model, but driven by a vision to provide world-class fulfillment that begins and
ends with the customer in mind. Materials processing and applications
development expertise will deliver commercial value to customers through
enhanced performance
 Global Reach and Scale – Operational excellence combined with broad
geographic footprint and global market access to anticipate and meet the
demands of their customers globally and grow with them in their
markets. Innovation is accelerated through collaboration across the value chain,
from research through development and commercialization. The global
manufacturing locations from all heritage businesses offers customers critical
mass in both size and scale.
 Integrated Technology Platforms – Uniquely positioned to apply world-class
science and engineering through integrated technology platforms for customers
in high-growth, high-value sectors, with a focus principally aligned to three
market verticals: packaging, infrastructure and consumer care. Dow is built on
the strongest technology platform in the industry. One that is based on
chemistries being retained by the future company, these technologies together
with Dow's integration machine will create a world leading materials science
company – built with a clear focus and a unique position for growth.