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DuPont to spin off performance chemicals

3:51 PM MDT | October 24, 2013 | Lindsay Frost

DuPont announced today that it will divest its $7-billion performance chemicals segment through a tax-free spin-off to shareholders. DuPont announced in late July that it was evaluating a sale or spin off of the $7-billion/year unit as part of its transformation to a “higher growth, less cyclical company.” The business includes titanium dioxide (TiO2), fluoroproducts, and industrial and specialty chemicals. The transaction is expected to be completed in about 18 months subject to a favorable ruling by US tax authorities, the company says. “This...

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