Dow Completes Merger with Union Carbide:
|Midland, MI February 6, 2001 The Dow Chemical Company announced
that it has completed its merger with Union Carbide Corporation. Additionally, the
companies announced the amounts, record dates and payable dates of the pro rata dividends
that will be paid shortly to Dow and Union Carbide stockholders.
Dow and Union Carbide had announced on January 31, 2001, that in order to comply with the merger agreement, pro rata dividends would be paid to their respective stockholders.
Dow will pay two pro rata dividends that together total Dow's current quarterly dividend rate of $0.29 per share:
Union Carbide stock will cease to trade at the close of business today. Union Carbide stockholders are eligible for the following dividends:
With the completion of the merger, Dow continues to be headquartered in Midland, Mich., and to operate as The Dow Chemical Company. Union Carbide is now a wholly owned subsidiary of Dow.
Dow is a leading science and technology company that provides innovative chemical, plastic and agricultural products and services to many essential consumer markets. With annual sales of $28 billion, Dow serves customers in more than 160 countries and a wide range of markets that are vital to human progress, including food, transportation, health and medicine, personal and home care, and building and construction, among others. Committed to the principles of sustainable development, Dow and its 50,000 employees seek to balance economic, environmental and social responsibilities.
To access Dow and Union Carbide merger-related downloadable executive photos, go to: http://dow.sevenww.com
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