Houston — Dow Chemical and DuPont, the two largest US chemical makers, have received all the regulatory approvals needed to close their historic merger. The deal will be completed after the stock market closes on August 31, the companies said in a statement on Friday. Shares of DowDuPont will begin trading on September 1 under the ticker DWDP. The companies, with a combined market value approaching $150bn, would surpass BASF as the world’s largest chemical company. Within 18 months of closing, DowDuPont has said it will split into three separate companies focused on agriculture, specialty products and materials. In response to investor concerns, the boards of both companies are reviewing the planned three-way separation to determine what combination of spin-offs would create the most value for shareholders. The review is being led by Dow CEO Andrew Liveris, DuPont CEO Ed Breen, DuPont lead director Sandy Cutler and Dow lead director Jeff Fettig. Bloomberg
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