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

DD.N on New York Stock Exchange

79.75USD
28 Apr 2017
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Latest Key Developments (Source: Significant Developments)

Dupont sets quarterly dividend of $0.38 per share
Thursday, 27 Apr 2017 06:45am EDT 

April 27 (Reuters) - Dupont ::Sets quarterly dividend of $0.38 per share.  Full Article

DuPont expects pre-tax charges of $326 mln in 2017 - SEC filing
Tuesday, 25 Apr 2017 03:44pm EDT 

April 25 (Reuters) - E I Du Pont De Nemours And Co ::Expects to incur pre-tax charges of $326 million, comprised of $293 million of asset-related charges, $33 million in severance costs in 2017 - SEC filing.Charges for 2017 primarily relate to closure of Protection Solutions segment's Cooper River manufacturing site near Charleston, South Carolina.  Full Article

Dupont Q1 operating earnings per share $1.64
Tuesday, 25 Apr 2017 06:00am EDT 

April 25 (Reuters) - Dupont :Dupont reports first-quarter results.Q1 operating earnings per share $1.64.Q1 GAAP earnings per share $1.52.Q1 earnings per share view $1.38 -- Thomson Reuters I/B/E/S.Q1 sales $7.7 billion versus I/B/E/S view $7.5 billion.Dupont - expects first-half 2017 GAAP earnings per share of about $2.42.Dupont - first-half 2017 operating earnings per share are expected to be about $2.90.Dupont - continue to expect to close Dow merger in august of this year.Q1 agriculture segment operating earnings $1,236 million versus operating earnings of $1,101 million.Q1 performance materials operating earnings $355 million versus operating earnings of $273 million.Dupont - Continue to expect to quickly begin working on 500-plus projects identified to deliver targeted $3 billion in cost synergies relating to Dow deal.Dupont - H1 2017 GAAP earnings includes an expected net charge of about $0.32 per share for items related to deal costs associated with merger with Dow.Dupont - agriculture sales were positively impacted by change in timing of seed deliveries which benefitted Q1 sales by approximately $140 million in quarter.Dupont - qtrly volume grew in almost all segments, led by performance materials, electronics & communications and agriculture.  Full Article

Dupont CEO Edward Breen's fy 2016 total compensation was $11 mln
Friday, 14 Apr 2017 09:54am EDT 

Dupont : CEO Edward Breen's fy 2016 total compensation was $11.0 million versus $10.2 million in fy 2015 - sec filing .CFO Nicholas Fanandakis's fy 2016 total compensation $5.6 million versus $4.1 million in fy 2015.  Full Article

FMC Corp says in connection with purchase agreement with DuPont, co entered into commitment letters - SEC Filing
Tuesday, 4 Apr 2017 02:51pm EDT 

FMC Corp : On March 27, 2017, in connection with purchase agreement with DuPont, co entered into commitment letters with Citigroup Global Markets Inc . Under terms, commitment party will provide for, among other things, commitment of a $1.5 billion 364-day bridge term loan .Under terms, commitment party will provide to co in certain circumstances, a $1.5 billion revolving credit facility, $750 million term loan facility.  Full Article

BP, DuPont venture acquires Nesika Energy
Monday, 3 Apr 2017 07:18am EDT 

BP Plc : Butamax Advanced Biofuels, a BP and DuPont JV, announced acquisition of Nesika Energy and its state-of--art ethanol facility in Kansas .Butamax plans to license its proprietary bio-isobutanol technology beyond this first facility on a global scale.  Full Article

FMC Corp to acquire significant portion of DuPont's crop protection business
Friday, 31 Mar 2017 06:01am EDT 

FMC Corp : FMC Corporation announces acquisition of significant portion of DuPont's crop protection business; simultaneous sale of health and nutrition to DuPont . FMC will make a cash payment to DuPont of $1.2 billion . Transactions will be immediately accretive to FMC'S adjusted earnings per share, upon closing . FMC Corp - FMC health and nutrition will become part of DuPont's nutrition & health segment . In 2017, FMC expects the acquired business will generate approximately $1.5 billion in revenue and $475 million of EBITDA . FMC Corp - expects transaction to be immediately accretive to adjusted earnings per share .Majority of DuPont's crop protection research workforce will transfer to FMC as part of this transaction.  Full Article

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

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Dow Chemical eyes consumer markets as it readies for DuPont merger

Dow Chemical Co forecast better-than-expected revenue for the current quarter and said it would expand four key consumer businesses, which will be part of a new firm created after its proposed merger with DuPont .