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E I du Pont de Nemours and Co (DD.N)

DD.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Dow and Dupont receive conditional approval from European Commission for proposed merger of equals
Monday, 27 Mar 2017 06:34am EDT 

Dow Chemical Co : Dow and Dupont receive conditional approval from european commission for proposed merger of equals . Dow Chemical Co - transaction still expected to create significant cost synergies of $3b with $1b in growth synergies . Dow Chemical Co - EC's approval is conditional on Dupont and Dow fulfilling commitments given to ec in connection with clearance . Dow Chemical Co - Dupont will divest its cereal broadleaf herbicides and chewing insecticides portfolios . Dupont is currently in negotiations to divest crop protection assets .Dow Chemical - Dupont will also divest crop protection research and development pipeline and organization, excluding seed treatment, nematicides, late-stage research and development programs.  Full Article

Dupont reaches global settlement of multi-district PFOA litigation
Monday, 13 Feb 2017 06:07am EST 

E I Du Pont De Nemours and Co : Dupont reaches global settlement of multi-district PFOA litigation . Dupont - total settlement amount is $670.7 million in cash . Dupont- for a period of five years, Chemours would annually pay PFOA liabilities outside settlement up to $25 million . Dupont - co and plaintiffs' jointly agreed to a settlement in principle of MDL involving about 3,550 lawsuits related to PFOA personal injury claims . Dupont - settlement encompasses all claims pending in MDL, including those matters for which jury verdicts have been rendered . Dupont - Chemours has also agreed it will not contest its liability to Dupont under separation agreement for PFOA costs .Dupont - half of the total settlement amount will be paid by Chemours and half paid by Dupont.  Full Article

Dow Chemical says to sell its Ethylene Acrylic Acid copolymers and ionomers business
Thursday, 2 Feb 2017 06:45am EST 

Dow Chemical Co : Dow announces proposed divestiture of ethylene acrylic acid (eaa) copolymers business . Dow announces proposed divestiture of ethylene acrylic acid (eaa) copolymers business . Dow chemical co says under terms of purchase agreement, sk global chemical will honor certain customer and supplier contracts and other agreements . Dow chemical co - divestiture will be conditioned on dow and dupont closing their merger transaction, in addition to other closing conditions . Dow chemical co - merger closing for proposed dow and dupont transaction would be expected to occur in first half of 2017 . Dow chemical co says divestiture will be conditioned on dow and dupont closing their merger transaction, in addition to other closing conditions . Dow chemical co - dow and dupont expect intended business separation transactions to be about 18 months after merger close. . Dow chemical-divestiture includes production assets in freeport, texas, tarragona, spain, associated intellectual property and product trademarks . Dow chemical says given current regulatory agency status, merger closing for dow and dupont transaction is expected to occur in first half of 2017 .Dow announces proposed divestiture of ethylene acrylic acid (eaa) copolymers business.  Full Article

Dupont declares first quarter dividend
Friday, 27 Jan 2017 06:00am EST 

Dupont : Dupont declares first quarter dividend .Sets quarterly dividend of $0.38per share.  Full Article

Dow Chemical Co says sees q1 revenue of $12.25 billion - $13.25 billion
Thursday, 26 Jan 2017 08:42am EST 

E I Du Pont De Nemours And Co : Dow Chemical Co says sees Q1 revenue of $12.25 billion - $13.25 billion .Dow Chemical Co sees modest improvement in agricultural sciences in first half of 2017 compared to first half of 2016.  Full Article

Dow Chemical says confident can solve European Commission regulatory issues related to DuPont deal
Thursday, 26 Jan 2017 07:30am EST 

Dow Chemical Co - : CEO Liveris - "honored to serve in leadership role in working closely with administration to create vibrant us manufacturing sector" - conf call . "Confident that we can solve European commission regulatory issues" and "confident we can satisfy their innovation remedy request" - conf call . Sees 2017 capex of about $3.4 billion - conf call . Says "we are going to achieve cost synergies which actually does meet headcount reduction, we don't fit the presidential agenda right away" . "Can already see that trump administration is going to move fast on taking out regulatory costs and giving us better tax regimens" Further company coverage: [DOW.N] ((bangalore.newsroom@thomsonreuters.com)).  Full Article

Dow Chemical reports Q4 loss per share $0.03
Thursday, 26 Jan 2017 06:45am EST 

Dow Chemical Co : Q4 loss per share $0.03 . Q4 earnings per share on operating basis $0.99 . Q4 sales were $13.0 billion, up 14 percent . Agricultural Sciences reported Q4 sales of $1.7 billion, up from $1.6 billion . Performance Materials & Chemicals reported Q4 sales of $2.41 billion, slightly up from $2.38 billion . Performance Plastics reported Q4 sales of $4.8 billion, up from $4.6 billion in the year-ago period . Says "We are seeing early signs of positive economic momentum, with the United States in expansionary mode" . Says "Europe continues its gradual recovery, despite increasing political uncertainty and geopolitical tensions" . Says "China's transition is progressing on a robust path", sustained growth of Asia's middle class continues to drive demand throughout region . Says for year ahead, remain squarely focused on 3 priorities, including closing DowDupont transaction, "driving quickly toward the intended spins" .Q4 earnings per share view $0.88, revenue view $12.38 billion -- Thomson Reuters I/B/E/S.  Full Article

Dupont reports Q4 GAAP earnings $0.29 per share
Tuesday, 24 Jan 2017 06:09am EST 

E I Du Pont De Nemours And Co : Dupont reports fourth-quarter and full-year results . Q4 GAAP earnings per share $0.29 . Q4 operating earnings per share $0.51 . Q4 earnings per share view $0.42 -- Thomson Reuters I/B/E/S . Q4 sales $5.2 billion versus I/B/E/S view $5.29 billion . Q4 agriculture segment operating loss $19 million versus operating loss of $54 million . Q4 performance materials operating earnings $328 million versus $281 million . Dupont - "Look forward to closing merger with Dow and are continuing to have constructive discussions with regulators in key jurisdictions" . Expects first-quarter 2017 GAAP earnings per share to decrease about 18 percent versus prior year . E I Du pont De Nemours and Co - Company's first-quarter 2017 GAAP earnings include an expected charge of about $0.15 per share . First-Quarter 2017 operating earnings per share are expected to increase about 8 percent versus prior year . E I Du Pont De Nemours and Co - Expected charge of about $0.15 per share for transaction costs associated with planned merger with Dow . E I Du Pont De Nemours - Expect merger to close in first half of 2017, pending regulatory approval. Therefore, only guidance for Q1 2017 is being provided . Q1 earnings per share view $1.45 -- Thomson Reuters I/B/E/S.  Full Article

DuPont Q4 results presentation
Tuesday, 24 Jan 2017 06:09am EST 

quarter earnings presentation::.  Full Article

Dupont updates on European Commission extension for merger
Friday, 2 Sep 2016 05:06pm EDT 

Dupont : On September 2, 2016, Dupont And Dow mutually agreed to grant european commission an extension of 10 working days in connection with its phase ii review. . Dupont And Dow are very focused on working with European Commission toward closing transaction by end of 2016 . Extension represents latest date for European Commission action under updated timeline .In event European Commission utilizes full extension, closing of transaction would be expected to occur in early part of 2017.  Full Article

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UPDATE 5-Asset sales plan secures EU backing for $130 bln Dow, DuPont merger

* Opponents concerned about concentration of ownership (Adds comments from American Antitrust Institute)