In both cases, DowDuPont stockholders received or will receive cash in lieu of any fractional shares of the common stock of Dow Inc. or Corteva, Inc.It is expected that the receipt of Dow common stock as part of the Dow Distribution and of Corteva common stock as part of the Corteva Distribution will be tax-free to our stockholders for U.S. federal income tax purposes (except for any cash received in lieu of fractional shares).
A stock account can be deemed abandoned by inactivity due to an incorrect mailing address, uncashed dividend checks, or no direct contact by the stockholder for a specified period of time. The transaction is expected to result in run-rate cost synergies of approximately $3 billion and the potential for approximately $1 billion in growth synergies. You do not need to take any action with respect to this exchange.
This is what we refer to as the Dow Distribution. Effective August 31, 2017, pursuant to the merger of equals transaction contemplated by the Agreement and Plan of Merger, dated as of December 11, 2015, as amended on March 31, 2017, The Dow Chemical Company and its consolidated subsidiaries ("Historical Dow") and E. I. du Pont de Nemours and Company and its consolidated subsidiaries ("Historical … Persons who are not registered holders may also purchase shares through the Computershare CIP.
It will be used to reduce DOW’s cost base. Yes, our new CUSIP is 26614N102.Immediately following the Corteva Distribution, we completed a 1-for-3 reverse stock split on June 1, 2019, (the “Reverse Split”) with cash to be paid in lieu of any fractional shares. Please retain the Transaction Statement for your records.Yes, we changed it to DuPont de Nemours, Inc. We made the change following the Dow and Corteva Distributions in alignment with our identity as a separate company that is a premier innovation provider of value-added specialized solutions that transform industries and everyday life.
You can contact Computershare:Telephone representatives are available from 8:00 A.M. to 8:00 P.M. Eastern Time, Monday through Friday, and from 9:00 A.M. to 5:00 P.M. Eastern Time on Saturday. 2 – Click ‘Enter a new Trade or Adjustment’.3 – On the pop-up window, select ‘Adjust Cost Base’ from the transaction type dropdown.4 – ‘Date of trade’: 01 April 20195 – ‘Demerger calculator’: Set the ratio to 66.438 : 33.5626 – ‘Cost Base Reduction’: Enter the amount given in the Demerger Calculator.7 – Comment: DowDupont and Dow spin-off.
Each state has its own escheatment laws, with inactivity or dormancy periods ranging from three to five years. Example If DWDP cost base as of the Record date is $33,905, Cost Base reduction is $11,379.20 ($33,905 x 33.562%).
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