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The Wall Street Journal: DowDuPont changes its post-merger breakup plan

Two weeks after its formation, DowDuPont Inc. DWDP, +3.08% is altering its plan to splinter into three companies, a step that appears set to end the threat of a fight with as many as four activist investors.

The company, formed by the union of Dow Chemical Co. and DuPont Co. on Aug. 31, has long planned to split into separate companies in the next 18 months: agriculture, specialty-chemical products and materials.

The new plan moves businesses with more than $8 billion in annual revenue from the materials spinoff, which is to house the legacy Dow operations and be named Dow, into the specialty-chemical concern, according to people familiar with the matter.

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