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DuPont de Nemours, Inc. - DD STOCK NEWS

Welcome to our dedicated page for DuPont de Nemours news (Ticker: DD), a resource for investors and traders seeking the latest updates and insights on DuPont de Nemours stock.

DuPont de Nemours, Inc. (NYSE: DD) is a pioneering global company specializing in science-based products and services. Founded in 1802, DuPont leverages cutting-edge science to craft sustainable solutions that enhance safety, health, and overall quality of life. Operating in over 90 countries, DuPont's extensive product portfolio spans multiple industries, including agriculture, construction, electronics, and transportation.

In 2019, DuPont emerged from the DowDuPont merger and subsequent separations, establishing itself as a leader in specialty chemicals. The company's portfolio includes advanced materials and high-performance solutions that cater to industries like healthcare, automotive, and safety and protection. DuPont is undergoing a strategic transformation, planning to split into three standalone companies by mid-2026. These new entities will focus on electronics, water solutions, and diversified markets.

Recent achievements highlight DuPont’s commitment to innovation and strategic partnerships. In March 2024, DuPont renewed its engagement with Silicon Catalyst, an incubator for semiconductor solutions, reinforcing its position in the electronics sector. The partnership provides DuPont with critical insights into emerging semiconductor technologies, driving forward its innovation agenda.

On the leadership front, Sam Ponzo, Vice President and General Manager of DuPont Industrial Solutions, was inducted into The Executive Leadership Council, reflecting the company’s ongoing commitment to leadership and diversity.

DuPont's collaboration with Menatek Defense Technologies exemplifies its innovative edge. The two companies announced a partnership to develop NAZ Bearings®, a self-lubricating, maintenance-free bearing for use in extreme conditions, enhancing DuPont’s presence in the global bearing market.

DuPont continues to drive sustainable design with its Corian® Design division, unveiling new color collections in 2024 that incorporate recycled content. This initiative underscores DuPont's dedication to integrating sustainability with aesthetic innovation.

Financially, DuPont reported robust results for Q1 2024, with better-than-expected volumes and significant cash flow improvements. The company raised its financial guidance for the year, anticipating continued growth driven by the recovery in electronics and industrial markets.

Notably, DuPont plans to separate into three distinct entities by 2026, with each company benefiting from increased focus and agility. The planned companies will include a diversified industrial entity, a leader in electronic materials, and a comprehensive water solutions provider. This strategic move aims to unlock shareholder value and provide targeted growth opportunities for each segment.

DuPont remains a global innovation leader, committed to advancing its technology-based materials and solutions to transform industries and everyday life. More information about DuPont, its businesses, and solutions can be found at www.dupont.com. Investors can access detailed information on the Investor Relations section of the company’s website at investors.dupont.com.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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DuPont (NYSE: DD) announced the Board's approval of a separation of its Nutrition & Biosciences business through an exchange offer. Shareholders can exchange DuPont common stock for shares in Nutrition & Biosciences, Inc. Following this, a Reverse Morris Trust transaction will merge Nutrition & Biosciences with International Flavors & Fragrances (IFF). The split-off aims to enhance shareholder choice and efficiently retire shares, with a target closing date of February 1, 2021, for the merger.

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DuPont (NYSE: DD) announced its third-quarter 2020 financial results, reporting net sales of $5.1 billion, down 6% year-over-year. Key segments like Electronics & Imaging saw growth, with sales rising 7%, while Transportation & Industrial experienced a 14% decline. GAAP EPS was $(0.11), influenced by impairment charges and lower segment results. Operating cash flow was $1.3 billion, aided by improved working capital. The company emphasizes cost control and anticipates adjusted EPS for full-year 2020 to be between $3.17 and $3.21. The focus remains on strategic divestitures to bolster shareholder value.

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FAQ

What is the current stock price of DuPont de Nemours (DD)?

The current stock price of DuPont de Nemours (DD) is $76.88 as of December 23, 2024.

What is the market cap of DuPont de Nemours (DD)?

The market cap of DuPont de Nemours (DD) is approximately 32.0B.

What does DuPont do?

DuPont de Nemours, Inc. (NYSE: DD) specializes in science-based products and services, offering innovative solutions across multiple industries including agriculture, electronics, water, healthcare, and more.

When was DuPont founded?

DuPont was founded in 1802, making it one of the oldest science-based companies in the world.

What are DuPont's recent achievements?

Recent achievements include the renewal of its partnership with Silicon Catalyst for semiconductor solutions, the induction of Sam Ponzo into The Executive Leadership Council, and a partnership with Menatek Defense Technologies to develop NAZ Bearings®.

What industries does DuPont operate in?

DuPont operates in a wide range of industries, including agriculture, construction, transportation, electronics, water, healthcare, and worker safety.

What are the future plans for DuPont?

DuPont plans to separate into three distinct companies by mid-2026. These companies will focus on electronics, water solutions, and diversified markets to enhance focus and agility.

How is DuPont committed to sustainability?

DuPont is committed to sustainability through initiatives like the incorporation of recycled content in its Corian® Design product lines and ongoing efforts to develop sustainable solutions across its portfolio.

What financial performance did DuPont report for Q1 2024?

DuPont reported better-than-expected volumes and significant cash flow improvements for Q1 2024, raising its financial guidance for the year based on continued recovery in electronics and industrial markets.

What is the significance of DuPont's partnership with Silicon Catalyst?

The partnership with Silicon Catalyst provides DuPont with strategic insights into emerging semiconductor technologies, driving innovation in electronic materials.

Where can investors find more information about DuPont?

Investors can access detailed information on DuPont's Investor Relations section of the website at investors.dupont.com.

What new products has DuPont's Corian® Design division released?

Corian® Design has released new color collections in 2024, incorporating recycled content to enhance both aesthetic appeal and environmental responsibility.

DuPont de Nemours, Inc.

NYSE:DD

DD Rankings

DD Stock Data

31.98B
417.37M
0.12%
72.23%
0.91%
Specialty Chemicals
Plastic Materials, Synth Resins & Nonvulcan Elastomers
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United States of America
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