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Showing results for DUPONT DE NEMOURS, INC.(F/K/A DOWDUPONT, INC.)
...The tax-free deal will also include a $7.3bn cash payment to DuPont, which broke off from DowDuPont earlier this year....
...Dupont will get a $7.3bn special cash payment, funded by new debt taken on by the new group. Less than half of this can be accounted a premium payment by IFF....
...If the transaction is approved, DuPont shareholders will also share in a $7.3bn special cash payment....
...It follows a succession of blockbuster deals, which kicked off 18 months ago with a transaction involving the two largest chemicals companies in the US: Dow Chemical’s agreed $69bn takeover of DuPont....
...Earlier this year, DuPont, which merged with Dow Chemical at the end of August, paid an extra $2.9bn into the company’s main pension fund to boost its funding level....
...The third example is Dow Chemical’s proposed merger with DuPont. Like Yahoo, both companies face pressure from activists....
...Elsewhere, shares of DuPont and Dow Chemical slumped after the chemical giants revealed plans to merge in a $130bn deal that will be followed by a three-way split....
...DuPont now expects full-year earnings of $2.75 a share, down from a previous outlook of $3.10....
...The S&P 500 materials sector — which includes copper miner Freeport-McMoRan, aluminium producer Alcoa, gold producer Newmont Mining and chemicals companies such as DuPont and Dow Chemical — advanced 13.45...
...A 4.1 per cent jump in like-for-like sales for the period beat expectations for a 3.9 per cent rise....
...Nelson Peltz, the activist investor, won the backing of an influential shareholder advisory group in his battle for a seat on the board of US chemicals company DuPont....
...Dupont said: “We will fight this every step of the way, as it has no basis in law or fact.”...
...DuPont now expects operating earnings between $4.00 and $4.10 a share in 2014, lagging analysts’ estimate for $4.29 and DuPont’s own earlier prediction between $4.20 and $4.45 a share....
...He took a pioneering interest in bioethanol when running US chemicals group DuPont. PRs insist the arrival of the man who spun off Conoco does not presage a shake-up of Shell too....
...Two are in Iowa: one from Poet, the US ethanol group and Royal DSM, a Dutch biotech company; and one from DuPont, the US chemicals group....
...Ellen Kullman, DuPont’s chief executive, said the plan was not a result of pressure from Mr Peltz, but reflected a strategy of moving into more complex products that had higher margins and were less cyclical...
...He added that DuPont had “built a solid position in the seed market, controlling a solid germ plasm, or seed bank, and capable distribution and marketing operation”....
...In materials, DuPont , one of the world’s largest chemical companies, saw its shares rally in the morning session after it was reported that Monsanto’s $1bn suit over patent infringement would go to a jury...
...European Union antitrust authorities are investigating whether Honeywell and DuPont acted together to restrict competition when launching a new lower-emission refrigerant required for cars air-conditioning...
...However, Ellen Kullman, DuPont’s chief executive, said a reduction from 9 per cent to 8 per cent growth in China was “still pretty good if you look around the world”....
...DuPont had raised the lower end of that estimate in October from $3.90. Analysts, on average, had expected DuPont’s full-year profits to be about $4.03 a share....
...Then in March, Vivergo Fuels – a partnership between BP, British Sugar and DuPont – terminated the biggest contract it had ever undertaken, one for construction work at a bioethanol plant near Hull....
...Plastics are used in a wide range of industries, including automobiles, construction and clothing, and are key to the profits of global chemicals companies such as DuPont, Dow Chemical and BASF....
...Shares in DuPont fell 4.2 per cent over the week to $45.04 with most of the damage done on Friday when the chemicals group cut 2011 earnings guidance by 10 cents a share to between $3.87 and $3.95....
...DuPont, the US chemicals group, on Wednesday won a $919m civil lawsuit against Kolon Industries, after a jury found that the South Korean company had stolen trade secrets relating to its production of Kevlar...
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