(RTTNews) – Dow Chemical Co., a subsidiary of DowDuPont Inc.(DWDP), on Thursday said it has approved restructuring actions in connection with the DowDuPont Cost Synergy Program. The company expects to record total pretax restructuring charges of about $1.3 billion, based on all actions approved to date under the Synergy Program.
Of the total charges, approximately $900 million will be recorded in the fourth quarter of 2017, with the remaining restructuring charges to be incurred by the end of 2019.
In an SEC filing, Dow said the Synergy Program is designed to integrate and optimize the organization following the all-stock merger of equals strategic combination between Dow and DuPont.
The program is in preparation for t…
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