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DowDupont Sets Restructuring Just Weeks After Forming

Stock Market Today

In a move that seems to appease Dan Loeb's Third Point LLC DowDupont Inc. ( DWDP ) is reportedly retooling their three-way break-up following the $150 billion merger the companies completed just a short while ago. The company is shifting assets with about $8 billion in revenue and $2.4 billion in Ebitda from the materials spinoff, to the specialty chemicals unit, in a move that will allow the two separate companies to focus on different customers, according to a company statement...

Mentions: Management DuPont Trian Fund