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DewDiligence

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DewDiligence

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Re: Tower of Hanoi post# 50

Wednesday, 03/27/2019 11:15:52 AM

Wednesday, March 27, 2019 11:15:52 AM

Post# of 83
If you buy DWDP, you will get 1 share of new DOW for every 3 shares of DWDP you own when DOW is spun off on 4/1/19. (The new DOW starts trading on 4/2/19.)

On the other hand, if you buy DWDP-WI (“when issued”), you will not receive shares of DOW in the spin-off.

Currently, DWDP is trading at about $52, while DWDP-WI is trading at about $36. The difference between these two prices is how much value investors are ascribing to the DOW spin-off.

This PR explains things in more detail:
https://finance.yahoo.com/news/dowdupont-board-directors-approves-separation-113000145.html

“The efficient-market hypothesis may be
the foremost piece of B.S. ever promulgated
in any area of human knowledge!”

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