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DowDuPont alters post-merger breakup plans amid investor pressure


By Nivedita BhattacharjeeREUTERS - DowDuPont, formed through the merger of chemical giants Dow Chemical and DuPont, is shifting some operations in the three units it plans to create, potentially averting a prolonged fight with activist investors over its post-merger plans.Dow and DuPont will split into three companies focusing on agriculture, specialty chemicals and materials, but some investors including Nelson Peltz's Trian Partners and Daniel Loeb's Third Point LLC urged the companies to take another look at the way business units are aligned.The company said on Tuesday its would now move ...

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First Published: Tue, September 12 2017. 21:07 IST