NEW YORK, July 21, 2015 /PRNewswire/ --
ACI Association has initiated research coverage on E I Du Pont De Nemours and Co. (NYSE: DD). Select highlights from the internally released reports are being made available to the general public (included below), with access to the entirety of the research available to new members.
Today, membership is open to readers on a complementary basis at the following URL: http://www.aciassociation.com/?c=DD
Highlights from our DD Report include:
- DuPont spins off Performance Chemicals segment - On July 1, 2015, E I Du Pont De Nemours and Co., commonly referred to as DuPont, reported that it has successfully completed the spin-off of The Chemours Company (Chemours). With the separation of the Performance Chemicals segment from DuPont, its common stockholders received one share of common stock of Chemours for every five shares of DuPont common stock they held on June 23, 2015. DuPont common stockholders will receive cash in lieu of fractional shares of Chemours. Chemours now trades on the New York Stock Exchange under the symbol "CC."
- Management View - "Today's successful spin-off advances DuPont's transformation to a higher growth, higher value, global science and innovation company," said DuPont Chair and Chief Executive Officer Ellen Kullman. "We are now fully focused on markets where our science gives the company a distinct competitive advantage, enabling DuPont to drive higher, more stable growth. He added, "The next generation DuPont is leaner and more efficient, better able to capitalize on key capabilities that help solve major global challenges and enable our customers to provide plentiful, healthier food; renewably sourced advanced materials; ample energy; better infrastructure and transportation."
- Chemours, a Global provider of performance chemicals - Chemours, which operated as a wholly-owned subsidiary of DuPont until the separation, was created as a part of DuPont's initiative to separate certain of the assets and liabilities of DuPont's Performance Chemicals segment, which includes its titanium technologies, fluoroproducts and chemicals businesses, from the rest of its businesses. The executive team of Chemours includes - Mark Vergnano as President and CEO; Mark E. Newman as Senior Vice President and CFO; E. Bryan Snell as President of Titanium Technologies; Thierry Vanlancker as President of Fluoroproducts; Chris Siemer as President of Chemical Solutions; Beth Albright as Senior VP of Human Resources; Erich Parker as VP of Corporate Communications and Chief Brand Officer; and Dave Shelton as General Council & Corporate Secretary.
- Chemours' growth Strategy: On the launch of Chemours as an independent, publicly traded corporation, Mark Vergnano, said, "We bring to the market a rich heritage based on our DuPont legacy and built on industry leadership and innovation adding the energy and agility of a customer-centered, global business fresh out of the starting gate. Together, we're going to build on our strengths, while becoming more streamlined and responsive."
To find out how this influences our rating on E I Du Pont De Nemours and Co., read the full report in its entirely here: http://www.aciassociation.com/?c=DD
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