September 01, 2017
Torys represented DuPont as exclusive Canadian competition counsel with a team led by Dany Assaf and which included Rebecca Moskowitz and Marina Chernenko.
This deal was awarded Global Competition Review's 2017 Matter of the Year Award. For more information on the deal's recognition, click here.
On December 11, 2015, DuPont and The Dow Chemical Company (“Dow”) announced that their boards of directors unanimously approved a definitive agreement under which the companies would combine in an all-stock merger of equals. The combined company would be named DowDuPont and have a combined market capitalization of approximately US$130 billion.
DowDuPont™ announced the successful closing of the merger transaction on September 1, 2017, following receipt of all necessary approvals, including the approval of the Canadian Competition Bureau.
Pursuant to the plan announced in December 2015, the combined entity is operating as a holding company under the name "DowDuPont™" with three divisions – Agriculture, Materials Science and Specialty Products. Once each division has its own processes, people, assets, systems and licenses in place to operate independently from the parent company, DowDuPont intends to separate the divisions to stand within their own legal entities, subject to Board approval and any regulatory approvals. The intended separations are expected to occur within 18 months.
Further information can be found on PR Newswire’s website.