POST Online Media Lite Edition


DuPont completes spin-off of Chemours Company

Staff writer |
Today DuPont has completed the separation of its Performance Chemicals segment through the spin-off of The Chemours Company.

Article continues below

Chemours begins “regular way” trading on the New York Stock Exchange (NYSE) under the symbol “CC”. DuPont common stockholders receive one share of common stock of Chemours for every five shares of DuPont common stock they held at 5:00 p.m. ET on June 23, 2015. DuPont common stockholders will receive cash in lieu of fractional shares of Chemours.

“Today’s successful spin-off advances DuPont’s transformation to a higher growth, higher value, global science and innovation company,” said DuPont Chair and Chief Executive Officer Ellen Kullman.

“We are now fully focused on markets where our science gives the company a distinct competitive advantage, enabling DuPont to drive higher, more stable growth.

“The next generation DuPont is leaner and more efficient, better able to capitalize on key capabilities that help solve major global challenges and enable our customers to provide plentiful, healthier food; renewably sourced advanced materials; ample energy; better infrastructure and transportation,” said Kullman.

“As we move forward, we are committed to continuing to execute our strategy to deliver value for shareholders today, while positioning DuPont for a successful future.”

What to read next

DuPont sells part of crop protection business to FMC for $1.2 billion
DuPont and Dow to combine in merger of equals into $130 billion company
EU to rule on $130 billion Dow, DuPont deal by July 28