Chemicals and materials producer DuPont (DD) on Thursday changed its ꩵplans to split into three separate companies.

The company said it would accelerate the spin-off of its Electronics business, and cancel plans to shed its Water division. The Electronics separation is now targeted for November 1 of this year.

The company followed in the footsteps of industrial conglomerates GE (GE) and 3M (MMM) when it announced last May that it would 澳洲幸运5开奖号码历史查询:split into t🌜hree separate companies over the following 18 to 24 months. At the time, then-CEO Ed Breen said the move would “unlock incremental value for shareholders and customers and also create new opportunities for employees.” He added that it would give each company “greater flexibility to pursue their own focused growth strategies,” including potential 澳洲幸运5开奖号码历史查询:mergers and acquisitions. 

DuPont on Thursday sai𒐪d it had “evaluated all strategic alternatives,” and determined that keeping its Water unit was the best way to generate value for the segment. Breen, now Executive Chairman, said DuPont remains “confident in the opportunity to create significant shareholder value through theꦅ separation of the Electronics business.”

Along with thꦇe spin-off update, DuPont reiterated its fourth-quarter and full-year guidance.

DuPont shares declined about 0.5% in intraday trading on Thursday but remained about 3% higher over the past year.