DuPont Expects Dow Merger to Close First-Quarter 2017

SUGAR LAND--October 26, 2016--Researched by Industrial Info Resources (Sugar Land, Texas)--E.I. du Pont de Nemours and Company (NYSE:DD) (DuPont) (Wilmington, Delaware) reported third-quarter 2016 net income of $2 million, compared to $235 million in third-quarter 2015. The drop was largely tied to $172 million in employee severance and asset writedown charges for the just-ended quarter. Net income for the first nine months of the year was $2.25 billion, compared to $2.21 billion in 2015. Industrial Info is tracking $660 million of projects belonging to DuPont. The company says it expects to close its pending merger with Dow Chemical Company (NYSE:DOW) (Midland, Michigan) in first-quarter 2017.

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Within this article: Details of the pending merger and highlights of major DuPont projects