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People & Business :: Earnings/Finance
DuPont says it would consider alternatives to spinoff for performance chemicals unit
6:00 PM MDT | May 21, 2014 | Lindsay Frost
DuPont CFO Nicholas Fanandakis said during an investor conference today that the company would consider a Reverse Morris Trust (RMT) transaction or outright sale of its performance chemicals business. The company announced last October that it would divest its $7-billion/year performance chemicals segment by mid-2015 through a tax-free spin-off to shareholders as a part of the company’s transformation to a “higher growth, less cyclical company.” The business includes titanium dioxide, fluoroproducts, and industrial chemicals....
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