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DuPont is separating into an electronics company, a water company, and a materials company that will hold brands such as Tyvek and Kevlar.
DuPont (DD) said Wednesday it plans to split into three publicly traded companies, spinning off its electric and water businesses.
DuPont de Nemours Inc. said late Wednesday it will separate itself into three standalone, publicly traded companies within the coming months, one keeping the focus on industrial materials while the other two venture into the electronics and water-filtration businesses.
DuPont said it would split into three separate companies and that Chief Executive Edward Breen would transition to executive chairman, effective June 1.
DuPont de Nemours Inc (NYSE:DD) has been capturing attention in the market as its shares have soared to a two-year high, nearing the $80 mark as of May 20th. This surge in valuation isn't arbitrary; it's backed by solid fundamentals and strategic moves by the company.