Prashant Rao and Chad Bray
DowDuPont, the chemicals giant, says it it will shift the focus of its reorganisation plan after shareholders opposed a proposal to break up the company.
The decision, announced on Wednesday (AEST), is the latest response by a big company to activist shareholders who have taken on ever-larger targets in recent years, demanding changes to corporate strategies. Household names like Procter & Gamble, Nestlé and Samsung have all found themselves in the sights of such investors.
The new plan would divide DowDuPont into three distinct businesses: an agricultural company, a materials science specialist and a specialty products business.
But as part of the reorganisation, DowD…
Read the full article at: http://www.afr.com/news/world/activists-force-dowdupont-to-revise-breakup-20170913-gygooa