DuPont (DD) to Separate into Three Independent, Publicly Traded Companies
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Go back to DuPont (DD) to Separate into Three Independent, Publicly Traded Companies
May 23, 2024 2:30 PM EDT
BMO Capital analyst John McNulty upgraded DuPont (NYSE: DD) from Market Perform to Outperform with a price target of $96.00 (from $83.00).
The analyst comments "In what may be the last step of his multi-phase journey, Ed Breen/DD announced plans to separate into three companies (in... More
May 22, 2024 4:51 PM EDT
(Updated - May 23, 2024 5:52 AM EDT)
DuPont (NYSE: DD) announced it plans to divide itself into three independent, publicly traded companies, focusing on Electronics, Water, and a diversified industrial segment.
Shares gained roughly 5% in premarket trading Thursday.
This move is expected to enhance shareholder value by allowing each entity to concentrate on its specific market, with the separations intended to be tax-free to DuPont shareholders, the company said.
The planned reorganization will see New DuPont emerge as a diversified industrial leader, while the Electronics and Water businesses will operate as... More
