DowDuPont Files Initial Form 10 Registration Statement For New Dow

(RTTNews) - DowDuPont, Inc. (DWDP) said it has filed a Form 10 registration statement with the U.S. Securities and Exchange Commission or SEC for the separation of its Materials Science Division, to be called Dow.

Dow's initial Form 10 filing includes a business and strategy overview, competitive strengths and end-market information, as well as historical and unaudited pro forma financial information, among other details for the intended company.

"This initial filing underscores the position of financial and operational strength the new Dow will possess upon separation. It also emphasizes our focus on driving profitable growth, increasing return on invested capital and enhancing free cash flow," said Howard Ungerleider, chief financial officer of DowDuPont and president and chief financial officer of Dow.

As detailed in the new filing, the new Dow will have a portfolio comprised of six global business units, serving three consumer-driven market verticals: consumer care, infrastructure and packaging.

Through its deep materials science expertise, value chain intimacy, global reach, scale and competitive capabilities, the new Dow will provide differentiated products and solutions to its customers.

Dow anticipates the SEC will declare the Form 10 effective in the first quarter of 2019, aligned to the company's timeline to separate from DowDuPont by April 1, 2019.

As previously communicated, Corteva Agriscience intends to file its Form 10 in October.