What's Happening With Chemical Company DuPont's Shares Today?
Portfolio Pulse from Shivani Kumaresan
DuPont Inc. (NYSE:DD) announced plans to split into three distinct publicly traded entities: New DuPont, Electronics, and Water. The separation aims to unlock shareholder value and is expected to be tax-free for U.S. shareholders. The process should be completed within 18 to 24 months, subject to regulatory approvals.
May 23, 2024 | 2:11 pm
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DuPont's shares are trading higher following the announcement of its plan to split into three distinct publicly traded entities. The separation is expected to unlock shareholder value and is anticipated to be tax-free for U.S. shareholders.
The announcement of the split into three entities is a significant corporate action that is likely to unlock shareholder value, leading to a positive short-term impact on DuPont's stock price.
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