DuPont Weighs Spinoff, Sale As Activist Peltz Lurks

Law360, New York (July 23, 2013, 2:12 PM EDT) -- DuPont Co. on Tuesday said it is exploring a sale or spinoff of its performance chemicals business, following the sale of its auto paints division last year and the arrival last week of activist investor Nelson Peltz as a stockholder.

The segment, one of eight at the chemicals and materials giant, houses DuPont's often-volatile titanium technologies and fluoroproducts businesses. The group's operating earnings fell by more than half in the second quarter to $251 million, mostly due to lower titanium dioxide prices and falling demand for...
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