Dupont De Nemours Inc Stock Price, News & Analysis

An international private equity consortium, including BroadPeak Global, Asia Green Fund, and Dussur, has signed an agreement to acquire DuPont's Clean Technologies business for $510 million in cash. This transaction is set to close in Q2 2021, pending regulatory approvals. DuPont Clean Technologies is noted for its advancements in sulfuric acid production, hydroprocessing technology, and air pollution control systems. The Group aims to enhance the business's presence globally, particularly in addressing environmental issues and pushing for carbon neutrality.

DuPont (NYSE: DD) has completed its merger with IFF and Nutrition & Biosciences, receiving a $7.3 billion special cash payment. Approximately $5 billion will be allocated to reduce debt. The company is restructuring into three reporting segments: Electronics & Industrial, Mobility & Materials, and Water & Protection. This strategic focus aims to enhance growth potential and shareholder value. Additionally, DuPont plans to sell its Clean Technologies business for $510 million to further streamline operations. The changes are expected to position DuPont favorably as the global economy recovers.

DuPont has announced the preliminary results of its exchange offer related to its nutrition and biosciences business's merger with International Flavors & Fragrances. Approximately 369.2 million shares of DuPont common stock were tendered, leading to a preliminary proration factor of around 52.46%. This means that DuPont will exchange about 197.4 million shares for 141.7 million shares of its N&B common stock. The final proration factor will be determined after the guaranteed delivery period concludes on February 2, 2021.

DuPont has announced a final exchange ratio of 0.7180 shares of Nutrition & Biosciences, Inc. (N&B) for each share of DuPont common stock tendered in its exchange offer. This offer relates to DuPont's Reverse Morris Trust transaction with International Flavors & Fragrances Inc. (IFF). If fully subscribed, DuPont expects to exchange approximately 197.4 million shares. The exchange offer expires at 11:59 PM on January 29, 2021. N&B will merge with IFF, converting each N&B share into one share of IFF stock, affecting DuPont shareholders who tender their shares.

On December 31, 2020, DuPont commenced an exchange offer for stockholders to tender shares for Nutrition & Biosciences (N&B) stock. This action is part of a Reverse Morris Trust transaction with International Flavors & Fragrances (IFF). For Q4 2020, DuPont expects GAAP EPS between $0.35 and $0.37 on net sales of approximately $5.25 billion. Full year 2020 anticipates a GAAP loss per share of $(3.97) to $(3.95) on approximately $20.40 billion in sales. The final financial results will be announced on February 9, 2021.

DuPont, Corteva, and Chemours have reached a binding agreement to settle disputes related to Chemours' 2015 spin-off. This includes a cost-sharing arrangement for PFAS liabilities and an escrow account totaling $1 billion over eight years. DuPont and Corteva will split costs up to $2 billion, with Chemours contributing additional funds. The companies will also resolve PFOA litigation in Ohio for $83 million, with contributions from each firm. The agreement aims to provide security for shareholders against future environmental claims.

The United Soybean Board (USB) is launching a pilot program from January 19 to March 19, 2021, in collaboration with Soylent and DuPont Nutrition & Biosciences to promote the Sustainably Grown U.S. Soy mark. This mark signifies soy ingredients that adhere to sustainable agricultural practices, enhancing consumer trust in U.S. soy products. Notably, consumer surveys indicate that nearly 70% would prefer products marked as sustainably grown. Following the pilot, USB will expand the mark's availability to interested companies, aiming to boost demand for responsibly grown U.S. soy.

Bernhard Capital Partners has appointed Luther C. Kissam, IV as Partner. Kissam, former CEO of Albemarle Corporation (NYSE: ALB), brings extensive experience in the transitional energy sector. He played a crucial role in Albemarle's $6.2 billion acquisition of Rockwood Holdings and is recognized for his contributions to the lithium market, vital for clean energy. Additionally, Jeffrey Koonce and Jonathan de Lauréal have been promoted to Partner and Managing Director, respectively, acknowledging their impactful contributions since joining the firm.

DuPont announced a split-off exchange offer allowing stockholders to exchange shares of DuPont for shares of Nutrition & Biosciences (N&B) at a 7% discount. This is part of a Reverse Morris Trust transaction with International Flavors & Fragrances (IFF). Stockholders can choose to tender some, all, or none of their shares, expecting to receive approximately $107.53 of N&B stock for every $100 of DuPont stock. The exchange offer runs until January 29, 2021, and the shares of N&B will convert to IFF shares post-merger, with a pro rata distribution planned if the offer is undersubscribed.