DUPONT announced Oct. 24 that its board of directors has authorized management to execute a full separation of its Performance Chemicals segment, which includes the Titanium Technologies and Chemicals & Fluoro-products businesses. DuPont intends to execute the separation through a tax-free spin-off to shareholders, subject to customary closing conditions. Upon completion of the separation in about 18 months, 100% of the new public entity will be owned by DuPont shareholders, the announcement said.
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