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DuPont to spin off performance chemicals

7:43 AM MDT | October 28, 2013 | —Lindsay Frost

DuPont announced on 24 October that it will spin off its performance chemicals segment to shareholders through a tax-free spin-off. The business includes titanium dioxide, fluoroproducts, and industrial chemical businesses. 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 transaction is expected to be complete in about 18 months, the company says. “This separation will advance the transformation of DuPont and result...

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