US companies DuPont and Dow Chemical announced on July 20 that the shareholders of both companies voted in favor of all the proposals necessary to complete the merger, according to the reports of both companies.

Subsequently, the combined company will be divided into three independent. The companies expect the deal to close in the second half of 2016 subject to regulatory approvals.

One of the businesses will specialize in the chemistry of agriculture, including herbicides and GMOs, the second – for raw materials and semi-finished products, including various polymers, the third – in the fine chemicals production, which is used among other things in the production of solar cells.

The transaction will take place in the share exchange format. Dow Chemical’s shareholders will receive one paper DowDuPont for each share owned by them Dow Chemical, DuPont shareholders – 1,282 shares. The shareholders of Dow Chemical and DuPont will receive approximately 50 percent of the shares DowDuPont excluding preferred shares.

Dow Chemical Company – the American chemical company, and the second in the world by sales volume after BASF. The company produces industrial, household and agricultural chemicals, plastics, pharmaceuticals, chemical products for military use, focusing mainly on semi-finished products for other industries, rather than the end-consumer products.

DuPont – the American chemical company, one of the largest in the world. The company is the inventor of many unique polymer and other materials, such as neoprene, nylon, Teflon, Kevlar, Mylar, Tyvek, etc. In Russia, DuPont owns a factory “DuPont Khimprom”, and in 2006 formed a joint venture “DuPont – Russian Coatings”. A company “Russian paints”.