Dow Chemical 2015 Annual Report Download - page 38

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28
On December 11, 2015, the Company and E. I. du Pont de Nemours and Company announced that their boards of directors
unanimously approved a definitive agreement under which the companies will combine in an all-stock merger of equals
strategic combination. The combined company will be named DowDuPont. This transaction is expected to close in the second
half of 2016, subject to customary closing conditions, including regulatory approvals. As a result of this pending transaction,
the Company will not repurchase shares under the share repurchase program until after the shareholder vote on the DowDuPont
merger. The Company expects to complete approximately $2 billion of share repurchases in 2016.