DowDuPont: shareholders approve reverse stock split

(CercleFinance.com) - DowDuPont shareholders voted on Thursday to authorize a reverse stock split, the US chemical producer said, boosting the share price ahead of the separation of its agriculture business next week.


Shareholders approved the reverse stock split at a ratio of at least 2-for-5 and no greater than 1-for-3, with the exact ratio still to be determined by the board of directors, the group said.

DowDuPont plans to spin its Corteva Agriscience agriculture unit on 1 June, with the chemicals giant also changing its name to "DuPont" on this date.

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