DuPont registration statement for Chemours confirmed by SEDC
Published: Thursday, 18 June 2015
DuPont’s TiO2 and chemical business spin off, The Chemours Co. is set to be completed at the start of July, following the new company’s registration statement declared effective by the SEDC. While DuPont has reassured shareholders that the spin off will increase value and has rewarded stockholders with a dividend, the strategy has been heavily criticised by Trian and ISS.
The DuPont Co. has announced that the US Securities and
Exchange Commission (SEDC) has declared effective the
registration statement filed for its Chemours Co. spin off,
which is expected to be completed by 1 July 2015.
The company said in a statement earlier this month that it
was rewarding its...