The company will separate its electronics and water businesses in tax-free transactions, while the new DuPont will continue as a diversified industrial company. DuPont also named CFO Lori Koch as CEO from June 1 as the current top boss Ed Breen becomes executive chairman to join the board. Back in 2015, DuPont and Dow had agreed to merge for $130 billion, in which the two companies then split into three.
DuPont de Nemours, the American multinational chemical company, announces plans to separate into three distinct publicly traded entities to enhance agility and unlock value for shareholders and customers.
/PRNewswire/ DuPont (NYSE: DD) today announced a plan to separate into three distinct, publicly traded companies. Under the plan, DuPont would execute the.
Delaware based DuPont Company has announced plans to split into three, standalone, businesses in what company officials are calling tax-free separations.