News summary

DuPont (DDperssonpoker.US) Shares jumped more than 5% after the closeperssonpoker, announced the duty-free spin-off of its electronics, water and industrial businesses into three independent companies, and New DuPont will reorganize into business areas such as water and protection, and industrial solutions. The spin-off is expected to be completed within 18 to 24 months, with the appointment of a new CEO.

Newsletter text

[DuPont's share price jumped more than 5% after hours, promoting the establishment of three new independently listed companies]

Under the close watch of financial markets, DuPont Co.(DD.US) shares jumped more than 5% in after-hours trading. The company disclosed that it will split its electronics, water and industrial businesses into three separate listed companies through a tax-free spin-off. This layout is expected to be implemented in the next 18 to 24 months.

In the spin-off structure, New DuPont will focus on water and protection businesses, industrial solutions, and the company's original business segments. The majority of the electronics company will be made up of DuPont's existing semiconductor technology and interconnection solutions businesses. At the same time, the water company will build on DuPont's current water solutions business.

DuPont also announced a high-level personnel transfer, with CFOLori Koch serving as the new CEO, replacing his predecessor, Ed Breen. This important leadership change further demonstrates DuPont's strategic layout and determination to develop under the new business structure.