DD - What's Happening With Chemical Company DuPont's Shares Today? | Benzinga
Chemical company DuPont Inc. (NYSE:DD) shares are trading higher after the company announced its plan to split into three distinct publicly traded entities.
The separation will include its Electronics and Water businesses, executed in a tax-free manner for shareholders. After the separation, New DuPont will continue as a premier diversified industrial company, while Electronics and Water will benefit from increased focus in their industries,
Each entity will have dedicated management teams and tailored capital strategies to pursue strategic growth objectives.
"This is an extraordinary opportunity to deliver long-term, sustainable shareholder value through the creation of three strong, industry-leading companies," said Ed Breen, DuPont’s Executive Chairman and CEO.
“The ...