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DowDuPont approves common stock reverse stock split.

International Resource News-April 4, 2019--DowDuPont approves common stock reverse stock split

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International Resource News - 04 April 2019

DowDuPont Inc. (NYSE: DWDP), a holding company with the intent to form strong, independent, publicly traded companies in agriculture and specialty products sectors, has approved a reverse stock split of the company's common stock.

The reverse stock split is intended to increase the market price of the company's common stock with regard to its intended distribution of all of the shares of common stock of its wholly owned subsidiary, Corteva Inc., which holds the company's Agriculture Business, to the holders of the company's common stock on a pro rata basis.

The reverse stock split is subject to stockholder approval. If approved, the company expects to implement the reverse stock split effective immediately following the Corteva Distribution.

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Publication:International Resource News (IRN)
Date:Apr 4, 2019
Words:162
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