DowDuPont board proposes reverse stock split

Apr. 03, 2019 4:38 PM ETDuPont de Nemours, Inc. (DD), CTVACTVABy: Carl Surran, SA News Editor96 Comments
  • DowDuPont (DWDP) says its board will propose a reverse stock split of not less than 2-for-5 and not greater than 1-for-3, to be voted on at a special shareholder meeting on May 23.
  • DWDP says the purpose of the split is "to increase the market price of DowDuPont's common stock in connection with the company's intended distribution of all of the shares of common stock of its wholly owned subsidiary, Corteva Inc., which holds the company's agriculture business."

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