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May 21, 2014
12:16 EDTDDDuPont says Performance Chemicals spin on track for mid 2015
DuPont in conference presentation slides says it is on track to complete its Performance Chemicals separation about mid 2015. The company said new legal entity structures are being created with day One operating plans being finalized. It added that standalone financial statements are being prepared and targets initial regulatory filings in Q4. Bloomberg reports that DuPont CFO Nicholas Fanandakis said the company is considering a Reverse Morris Trust or direct sale of its Performance Chemicals unit in lieu of a spin-off, but that both of those paths have hurdles.
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