DuPont Rises On Plan To Split The Company

Map of Delaware

Map of Delaware (Photo credit: Wikipedia)

Shares of DuPont Co. rose modestly this morning to above $65.50 — a 13-year high — after last night’s announcement that the Wilmington-based chemical giant plans to spin off its profitable but volatile Performance Chemicals business, and its related fluorochemicals and titanium-dioxide (white-paint-base) factories, including a TiO2 plant at Edge Moor, Del., over the next year and a half. The new company will have sales of around $7 billion a year, vs. $28 billion for what’s left of DuPont.

Read more at http://www.philly.com/philly/blogs/inq-phillydeals/DuPont-rises.html#O1lLQVZKVo1HmYO2.99

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