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Chemical Week Magazine :: Business & Finance :: United States/Americas
DuPont will spin off, not sell, performance chemicals
7:12 AM MST | November 8, 2013 | â€”Lindsay Frost and Robert Westervelt
DuPont officials say the late October announcement to proceed with a spin-off of its performance chemicals allows the company to better align the strategic focus and capital structure and was not driven by investor pressure or to unlock value. DuPont announced in late July that it was evaluating a sale or spin-off of the business. â€śWe are covered by 23 sell-side analysts, and not one of them says the sum of parts is greater than the whole,â€ť says DuPont executive v.p. and CFO Nicholas Fanandakis. â€śThe [analysis] does not suggest that there is a current...
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