2024-05-24 10:32:00 ET
Summary
- DuPont de Nemours said that it would split into three publicly traded companies. The two new standalone businesses will comprise its electronics and water portfolios respectively.
- The remaining company, dubbed New DuPont, will be focused on healthcare, automotive, and safety and protection products.
- Over the years, DuPont has grown, shrunk, bought and sold, and produced precious little value for shareholders in the process. This time might actually be different.
By Breakingviews
How big should a company be? For DuPont de Nemours ( DD ) boss Ed Breen, the real question is: how small? DuPont is about to break up into three companies, separating out its water and electronics units from the business that makes industrial materials such as Kevlar. Over the years, DuPont has grown, shrunk, bought and sold, and produced precious little value for shareholders in the process. This time might actually be different....
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DuPont's Big Breakup Could Be Second-Time Lucky