DuPont Pitches Reverse Stock Split to Shareholders

Materials maker DuPont plans to ask shareholders to approve a reverse stock split that could reduce its share count by as much as 75%. If the measure is approved at the company's May 21 annual meeting, DuPont's board could execute a reverse split of no less than 1-for-2 and no more than 1-for-4. Board members could also abandon the idea if they felt a split was no longer in the best interest of DuPont or its shareholders, the company said.