WILMINGTON, Del., July 1, 2015 /PRNewswire/ -- Today DuPont
announced it has completed the separation of its Performance
Chemicals segment through the spin-off of The Chemours Company
(Chemours). Chemours begins "regular way" trading today on the New
York Stock Exchange (NYSE) under the symbol "CC". Today
DuPont common stockholders receive one share of common stock of
Chemours for every five shares of DuPont common stock they held at
5:00 p.m. ET on June 23, 2015. DuPont common stockholders will
receive cash in lieu of fractional shares of Chemours.
"Today's successful spin-off advances DuPont's transformation to
a higher growth, higher value, global science and innovation
company," said DuPont Chair and Chief Executive Officer Ellen
Kullman. "We are now fully focused on markets where our science
gives the company a distinct competitive advantage, enabling DuPont
to drive higher, more stable growth.
"The next generation DuPont is leaner and more efficient, better
able to capitalize on key capabilities that help solve major global
challenges and enable our customers to provide plentiful, healthier
food; renewably sourced advanced materials; ample energy; better
infrastructure and transportation," said Kullman. "As we move
forward, we are committed to continuing to execute our strategy to
deliver value for shareholders today, while positioning DuPont for
a successful future."
DuPont (NYSE: DD) has been bringing world-class science and
engineering to the global marketplace in the form of innovative
products, materials, and services since 1802. The company believes
that by collaborating with customers, governments, NGOs, and
thought leaders we can help find solutions to such global
challenges as providing enough healthy food for people everywhere,
decreasing dependence on fossil fuels, and protecting life and the
environment.
Forward Looking Statements: This document contains
forward-looking statements which may be identified by their use of
words like "plans," "expects," "will," "believes," "intends,"
"estimates," "anticipates" or other words of similar meaning. All
statements that address expectations or projections about the
future, including statements about the company's strategy for
growth, product development, regulatory approval, market position,
anticipated benefits of recent acquisitions, timing of anticipated
benefits from restructuring actions, outcome of contingencies, such
as litigation and environmental matters, expenditures and financial
results, are forward looking statements. Forward-looking statements
are not guarantees of future performance and are based on certain
assumptions and expectations of future events which may not be
realized. Forward-looking statements also involve risks and
uncertainties, many of which are beyond the company's control. Some
of the important factors that could cause the company's actual
results to differ materially from those projected in any such
forward-looking statements are: fluctuations in energy and raw
material prices; failure to develop and market new products and
optimally manage product life cycles; ability to respond to
market acceptance, rules, regulations and policies affecting
products based on biotechnology; significant litigation and
environmental matters; failure to appropriately manage process
safety and product stewardship issues; changes in laws and
regulations or political conditions; global economic and capital
markets conditions, such as inflation, interest and currency
exchange rates; business or supply disruptions; security threats,
such as acts of sabotage, terrorism or war, weather events and
natural disasters; ability to protect and enforce the company's
intellectual property rights; successful integration of acquired
businesses and separation of underperforming or non-strategic
assets or businesses, including timely realization of the expected
benefits from the separation of Performance Chemicals. The company
undertakes no duty to update any forward-looking statements as a
result of future developments or new information.
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SOURCE DuPont