Posted May 02, 2018 05:53:51 Dow is getting a $3.2 billion investment from a group of investors including Google, Amazon and LinkedIn to expand the farm in Wisconsin.

The deal is expected to close in the third quarter.

Dow said Wednesday it plans to sell its U.S. agribusiness assets.

Dow will be taking a charge of $4.6 billion.

It will pay the fund about $3 billion in cash and stock.

The farm will be about 3.5 million acres and will include a research and development center, processing facilities, grain processing facilities and other facilities, Dow said.

It is expected that Dow’s $3-billion investment will help the farm to remain competitive in the global food supply chain.

The company is in the process of completing a $1.9-billion expansion of its research and technology center in Waukesha, Wis., and is looking to add another 1.5-million acres in the U.K. and Canada.

It has also been working with Dow to develop a global food processor and is seeking to hire about 200 people in the next year, according to the Dow statement.

Dow is in a strong position with its $3 trillion market capitalization, which has risen by nearly a third over the past decade.

Its $1 trillion worth of assets includes about $1 billion in fixed-income securities and about $400 million in short-term bonds.

Dow has a $9 billion debt pile and is also seeking to sell assets in a bid to shore up its balance sheet, the company said.

The Dow deal was announced by the company on Wednesday.

Dow shares fell more than 5% to $19.36.