DuPont 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.
Syngenta rejects initial $42B bid from ChemChina, Bloomberg says Syngenta rejected that offer citing regulatory risk, however Syngenta and ChemChina are continuing talks, Bloomberg added. Syngenta is also talking to other suitors and has had previous discussions with both DuPont (DD) and Monsanto (MON) earlier this year. Reference Link