DuPont has announced plans to split into three separate publicly traded companies. The separations will be tax-free for shareholders, with New DuPont continuing as a leading diversified industrial company. Electronics and water businesses will benefit from greater focus and agility in their respective industries. At the time of separation, each company will have strong balance sheets, attractive financial profiles, and compelling growth opportunities.
New DuPont will be a leading diversified industrial company with deep materials science and application engineering expertise, industry-leading innovation, world-class manufacturing capabilities, and iconic brands like Tyvek®, Kevlar®, and Nomex®. It will be a strong player in fast-growing healthcare end markets, as well as a leading provider of key technologies that enable advanced mobility, particularly in electric vehicles.
Electronics will be the global leader in differentiated electronic materials, such as semiconductor solutions and advanced electronic products. The company will prioritize innovation-driven growth while remaining open to both organic and inorganic growth opportunities. Water will be a global technology leader, offering a comprehensive range of water filtration and purification solutions.
DuPont expects to complete the separations in 18 to 24 months, subject to customary conditions such as final Board of Directors approval, receipt of a tax opinion from counsel, filing and effectiveness of Form 10 registration statements with the Securities and Exchange Commission, applicable regulatory approvals, and satisfactory financing completion. All three companies will have strong balance sheets and sufficient capital to capitalize on future growth opportunities.
Source : DuPont
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