The Chemours Co. (NYSE:CCwi) will replace Semtech Corp. (SMTC) in the S&P MidCap 400, and Semtech will replace Paragon Offshore plc (PGN) in the S&P SmallCap 600 after the close of trading on Tuesday June 30. S&P 100 & 500 constituent E. I. du Pont de Nemours and Co. (DD) is spinning off Chemours in a transaction expected to be completed on that date. Dupont will remain in the S&P 100 & 500 following the distribution. Semtech and Paragon Offshore are ranked near or at the bottom of their current indices.
The distribution of CPG common stock will be executed after the close bell on the New York Stock Exchange on Jul 1, 2015. Shareholders of NiSource will receive one share of CPG common stock in exchange of one share of NiSource common stock. With this, CPG will be an independent, publicly traded company under the trading symbol CPGX, in which NiSource will not have any ownership interest.
uly 1. S&P 500 constituent NiSource Inc. (NI) is spinning off Columbia Pipeline Group in a transaction expected to be completed on that date. NiSource will remain in the S&P 500 following the distribution. How are stock holders affected? Does anyone know that is willing to share.
yes, but nothing to report on. DD and CC-wi are sinking fast. Wish I had had enough sense to abandon this ship wreck before yesterday. Now am stuck with thousands of investment in in a company that DD setting up for bankruptcy to avoid all of DD liabilities. Of course this is what the big investors wanted I guess because they voted a confidence vote for the Bag lady. I wish they would just pay her her $65 million and turn her out to pasture. I am convinced that abut half of DD management are Obama puppets and should be fired (if we only had an accountable BOD.)
looks like as of today you are stuck with CC if you own DD today. Of course the prices were held up until you have no choice and then DD sticks it to you.
here are I looks like if cc and dd wo/cc were trading today I would be at near breakeven with DD combined company. It will probably be this way until July 1st trading for real begins.
Holder Shares % Out Value* Reported
Capital World Investors 52,715,190 5.82 3,767,554,682 Mar 31, 2015
Vanguard Group, Inc. (The) 52,189,139 5.77 3,729,957,816 Mar 31, 2015
State Street Corporation 41,692,016 4.61 2,979,728,425 Mar 31, 2015
Trian Fund Management, LP 24,563,084 2.71 1,755,523,638 Mar 31, 2015
actually when CC dumps DD overhead you will see it accelerate in value. happens 100% of time whne DD sells or spinsoff business.
Shareholders of DuPont will get one share of Chemours for every five shares of DuPont they hold on the record date of Jun 23, 2015.
ividend Last $0.52
Dividend IAD $2.08
Dividend Yield IAD 4.27%
Dividend Ex-Date 6/11/2015
Dividend Pay Date 7/10/2015
DuPont DD has announced pro-rata distribution of common shares of its fully-owned subsidiary – The Chemours Company – to holders of DuPont's common stock. The chemical giant’s board has declared a pro-rata dividend to DuPont stockholders of the outstanding shares of Chemours – a company created from DuPont’s performance chemicals businesses.
Shareholders of DuPont will get one share of Chemours for every five shares of DuPont they hold on the record date of Jun 23, 2015. The distribution of shares, which is subject to the satisfaction or waiver of specific conditions including acceptance of Chemours’ shares for listing on the NYSE, will be made on Jul 1, 2015 (the distribution date). DuPont and Chemours expect that all conditions will be satisfied by the distribution date.
What a mess the Kuller B... has this company. If Peltz spooks and sells his stake we will see shares in the 40's. All of you who voted Kuller now can see the results. Of course now she has the board still in her lair there is no stopping her destruction.
WILMINGTON, Del., June 5, 2015 /PRNewswire/ -- Today, DuPont announced that its board of directors declared a pro rata dividend to DuPont common stockholders of record as of 5:00 p.m. ET on June 23, 2015, the record date, of the outstanding shares of The Chemours Company ("Chemours") common stock payable on July 1, 2015, the distribution date.
As a result, on the distribution date of July 1, 2015, DuPont common stockholders on the record date will receive one share of common stock of Chemours for every five shares of DuPont common stock they hold on the record date.
"Today's announcement continues our solid progress with the expected separation of the Performance Chemicals business and provides our shareholders with equity investments in two strong, publicly traded companies with distinct value creation strategies," said DuPont Chair and Chief Executive Officer Ellen Kullman. "DuPont and Chemours will each be global leaders, well positioned to pursue their respective objectives and strategies."
The distribution of Chemours common stock is subject to the satisfaction or waiver of certain conditions, including, without limitation, a registration statement on Form 10 for the Chemours common stock being declared effective by the U.S. Securities and Exchange Commission ("SEC") and Chemours common stock being accepted for listing on the New York Stock Exchange ("NYSE"). DuPont and Chemours expect that all conditions to the spin-off will be satisfied by the distribution date.
Fractional shares of Chemours common stock will not be distributed to DuPont common stockholders. Instead, the fractional shares of Chemours common stock will be aggregated and sold in the open market, with the net proceeds distributed pro rata in cash payments to the DuPont common stockholders who would otherwise receive a fractional share of Chemours common stock.
No action is required by DuPont common stockholders to receive the distributed shares of Chemours common stock. DuPont stockholders