Shareholders of Dow Chemical and DuPont have approved a $59 billion merger that will eventually lead to a planned split into three companies and would likely affect nearly 8,000 fleet vehicles.
The merger, which is expected to close later this year, must still pass regulatory approvals.
DuPont's Andrea Krzyzanowski manages a U.S. fleet of about 4,990 vehicles for the Wilmington, Del., company, while Dow's Alton Corkern manages about 2,669 vehicles for the Midland, Mich., company.
Shareholders have approved the merger of the two largest U.S. chemical makers, the companies announced July 20 in a joint statement. The merger was announced Dec. 11.
DuPont has appointed a "clean team" to conduct the initial discussions between executives and managers of the two companies. How this merger may affect the two fleet operations has yet to be determined.
Following the finalization of the merger, DowDuPont will pursue a plan to create three independent, publically traded companies, including an agriculture company, material science company, and specialty products company. The company will maintan dual headquarters in Midland and Wilmington.
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