DuPont's shares, which dropped after Wednesday's announcement, reversed losses and were last up 1% at $77.00 in extended trading. The company reaffirmed its annual adjusted profit forecast of $3.90 per share and expects net sales to be around $12.37 billion. It will release its financial results on Feb. 11.

DuPont de Nemours said it is accelerating the separation of its electronics business and that it no longer intends to spin off its water business into a new publicly traded company. The chemical and materials maker on Wednesday said that it is targeting Nov.

DuPont (NYSE:DD) said Wednesday it no longer plans to separate its water business into a publicly traded company, but will accelerate the spinoff of its electronics business, now targeting November 1 to complete the transaction.

Industrial materials maker DuPont said on Wednesday it no longer intends to separate its water business. The decision comes months after the company revealed plans to split into three publicly traded companies in efforts to unlock value and pursue focused growth.