Abstract
Less than a week after it was formed, DowDuPont is making deep revisions to its plan to split into three separate companies within the next year and a half. Businesses that had previously been earmarked for the future Midland, Mich.-based materials science firm will now go to the specialty products firm, to be based in Wilmington, Del. The businesses being shifted together generate more than $8 billion in annual sales and a healthy $2.4 billion in pretax earnings. The future agricultural chemical and seeds firm is untouched by the change. The overhaul of the planned division of DowDuPont into three firms follows criticism of the split by activist investors, notably Daniel S. Loeb of Third Point. Dow and DuPont responded by launching their own review of the plan. The firms hired McKinsey & Co. and consulted with more than 25 institutional investors. “This was a comprehensive process by every measure,”
Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
