shifts focus

Chemicals giant DowDuPont will shift the focus of its reorganization plan after shareholders opposed a proposal to break up the company.

Tuesday’s decision is the latest response by a big company to activist shareholders who have taken on ever-larger targets in recent years. 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 businesses: an agricultural company, a materials science specialist and a specialty products business.