DowDuPont alters post-merger breakup plan
DowDuPont, which was formed when chemical giants Dow Chemical and DuPont merged, is making changes to its initial plans of splitting the company into three units, the company said on Tuesday.
Under the new plan the company will shift its water, automotive systems, pharma and food and some other businesses from the material science division to the specialty products division, the company said.
The restructuring will move about $8 billion in annual revenues to the specialty products division.
Dow Chemical and DuPont successfully completed their planned $130 billion merger to form DowDuPont earlier this month.
(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.