People & Business :: Earnings/Finance
DuPont to spin off performance chemicals
10:29 PM MDT | October 27, 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...
This information is only available to Chemical Week subscribers.
Forgot your user ID or password?
Not an IHS Chemical Week member yet?
Here's why you should be:
100% Satisfaction Guarantee