secwatch.observer — SEC 8-K summary
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Issuer:     UNION CARBIDE CORP /NEW/ (—)
CIK:        0000100790
Form:       8-K
Filed at:   2023-12-06T23:59:59+00:00
Accession:  0001193125-23-289888
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.80
Item codes: 2.01
LLM model:  deepseek-v4-flash:cloud@v2

Union Carbide sells NewCo units to Dow Multinational for $1.543B note
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- Union Carbide sold all of its NewCo units to Dow Multinational Holding LLC on December 1, 2023.
- The purchase price was a $1,543,400,000 promissory note, valued via third-party appraisal.
- The sale is part of a broader corporate reorganization involving Dow entities and contributed assets.
- Transaction steps included contributions of assets to NewCo and exchange for membership units.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/100790/000119312523289888/0001193125-23-289888-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/100790/000119312523289888/d171430d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-289888

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer