Market Dynamics

DuPont explores options for TiO2 business

Time: 2014-05-27 Source from: DuPont

At the recent Goldman Sachs Basic Material Conference, DuPont chief financial officer Nick Fanandakis said the company would consider pursuing the path of a Reverse Morris Trust (RMT) for its Performance Chemicals segment rather than the current proposed spin-off. 

 
"RMT could be another potential avenue which would have the same tax advantages as the spin with the potential for other synergies that could be created with the player that would be involved in an RMT," Mr Fanandakis said.  Although stating DuPont would consider the RMT avenue, Mr Fanandakis said the current spinoff plans for the Performance Chemical unit were on track.  "We're looking at a mid-2015 separation date, which is very in line with other competitive spins of this size and this complexity. And we're on track to still completing it in that timeframe."
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