U.S. Markets closed

DuPont to spin-off Performance Chemicals segment

DuPont advanced its transformation to a higher growth, higher value company as its board authorized management to execute a full separation of its Performance Chemicals segment, which includes the Titanium Technologies and Chemicals & Fluoroproducts businesses. DuPont intends to execute the separation through a tax-free spin-off to shareholders, subject to customary closing conditions. Upon completion of the separation in about 18 months, 100% of the new public entity will be owned by DuPont shareholders. The company anticipates Q4 separation costs of 1c-2c per share, which were not included in Q3 earnings release.