DowDuPont completes spin-off of materials science unit By Reuters


© Reuters. FILE PHOTO: A screen displays the trading information for chemical producer DowDuPont Inc. on the floor at the NYSE in New York

(Reuters) – DowDuPont Inc said on Monday it had completed the spin-off of its materials science division as part of a plan to split the chemical producer into three separate units.

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

Dow and Dupont completed a $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 (NYSE:) on June 1.

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