Union Carbide Sets Merger Vote Dec 1

DANBURY – Union Carbide Corporation has begun mailing its proxy statement and notice of special meeting of stockholders for the purpose of adopting the August 3 agreement and plan of merger between Union Carbide and the Dow Chemical Company. The company previously announced that stockholders of record on October 4 are entitled to notice of and to vote at the meeting, scheduled for December 1.

“We believe this opportunity for Union Carbide to join forces with Dow will create what we expect will be the world’s premier diversified chemical company,” said Dr William H. Joyce, chairman and CEO of Union Carbide. “I encourage our stockholders to participate in this achievement by casting their vote in favor of the merger.”

Adoption of the merger requires an affirmative vote by stockholders holding two-thirds of the outstanding shares of Union Carbide’s common stock.

Once stockholders receive the mailing, they can sign and mail the proxy card or grant their proxy by FAX, telephone or the Internet. The proxy statement is available on Union Carbide’s Web site (www.unioncarbide.com).

The December 1 special meeting of stockholders is scheduled for 10 am at the John C. Creasy Health Education Center, 24 Hospital Avenue, Danbury.