Dow

The Economist: End of an era

General Electric (GE) was recently eliminated from the Dow Jones Industrial Average after more than a century as part of the index. GE was one of the 12 original stocks included in the index when it was developed in 1896, and while it had come and gone from the index twice in its early days, the company had been continuously part of the Dow since 1907. It was the last of the original stocks to exit, and it is unlikely to return.

Dow Chemical Company and DuPont announce merger

DuPont and The Dow Chemical Company announced Friday, Dec. 11, that the two companies have unanimously approved a definitive agreement under which the companies will combine in an all-stock merger of equals. The combined company will be named DowDuPont. The parties intend to subsequently pursue a separation of DowDuPont into three independent, publicly traded companies through tax-free spin-offs. This would occur as soon as feasible, which is expected to be 18-24 months following the closing of the merger, subject to regulatory and board approval.