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DuPont exploring sale of performance chemicals unit
9:44 AM MDT | July 23, 2013 | Michael Ravenscroft and Robert Westervelt
DuPont says it is exploring the sale or spin-off of its $7-billion/year performance chemicals unit as part of its transformation to a "higher growth, less cyclical company.” DuPont’s performance chemicals business includes titanium dioxide, fluorochemicals, and specialty and industrial chemicals. DuPont also reports second-quarter net income of $1.03 billion, down 12% year-on-year (YOY). Reported adjusted earnings were $1.28/share, down 15% YOY and in line with lowered company guidance announced in June....
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