DuPont (DD) Breakup 'Highly Likely' Following CEO Exit, Says Deutsche Bank

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Go back to DuPont (DD) Breakup 'Highly Likely' Following CEO Exit, Says Deutsche Bank

DuPont (DD) PT, Estimates Trimmed at UBS; Sees Possible 2nd Proxy Battle

October 6, 2015 7:40 AM EDT

UBS analyst John Roberts reiterated a Neutral rating and trimmed his price target on DuPont (NYSE: DD) to $55.00 (from $56.00) after the CEO resigned. The analyst sees the possibility of a 2nd proxy battle as they believe Trian won the active institutional vote last... More

DuPont CEO Kullman steps down; veteran executive Breen named interim CEO

October 5, 2015 4:28 PM EDT

By Sneha Banerjee

(Reuters) - DuPont (NYSE: DD) Chief Executive Officer Ellen Kullman is stepping down this month and will be replaced temporarily by board member and veteran U.S. executive Edward Breen, who oversaw the break-up of conglomerate Tyco International Plc (NYSE: TYC).

The chemical and crop company, which is struggling with the strong U.S. dollar and weakening agricultural markets in Brazil and other emerging markets, slashed its earnings forecast for the second time this year.

Shares of DuPont, officially known as E.I. du Pont de... More

DuPont (DD) CEO Kullman to Retire; Earnings Outlook Updated

October 5, 2015 4:17 PM EDT

Ellen Kullman, Chair and CEO of DuPont, announced that she will retire from the company effective October 16. On that date, Edward Breen, a current member of the DuPont Board of Directors, will assume the role of Interim Chair and CEO of DuPont. The Board has engaged an executive recruitment firm to identify a full-time... More