Industry News, Ink Manufacturers News

DowDuPont Stockholders Approve Reverse Stock Split

Stockholders approved the reverse stock split at a ratio of not less than 2-for-5 and not greater than 1-for-3.

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By: DAVID SAVASTANO

Editor, Ink World Magazine

DowDuPont Inc. announced at its special meeting of stockholders that its stockholders approved a reverse stock split of the company’s common stock. With approximately 2 billion eligible votes cast, stockholders voted approximately 97% in favor of the reverse stock split. Stockholders approved the reverse stock split at a ratio of not less than 2-for-5 and not greater than 1-for-3, with an exact ratio as may be determined by the Board of Directors.   The reverse stock split is intended to increas...

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