DuPont buys out DuPont Dow Elastomers from Dow.Dow Chemical announced that DuPont will buy its remaining equity stake in DuPont Dow Elastomers LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , a 50/50 joint venture between the two companies, for $87 million. The company said the sale is the result of Dow exercising its option to buy ethylene and chlorinated chlorinated /chlo·ri·nat·ed/ (klor´i-nat?ed) treated or charged with chlorine. chlorinated charged with chlorine. chlorinated acids some, e.g. elastomer assets from the joint venture, including assets from the Engage, Nordel and Tyrin product lines. Dow said after the transaction, which it expects to close on June 30, DuPont Dow Elastomers will become a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of DuPont that will include the Neoprene neoprene: see rubber. neoprene Any of a class of elastomers (rubberlike synthetic organic compounds of high molecular weight) made by polymerization of the monomer 2-chloro-1,3-butadiene and vulcanized (cross-linked, like rubber), by sulfur, , Hypalon, Kalrez and Viton businesses. |
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