Topic: How To Invest

Spinoffs & Takeovers Hotline – Thursday, June 30, 2022

Article Excerpt

DUPONT DE NEMOURS INC., $55.58 symbol DD on New York, formerly known as DowDuPont, took its current form on June 1, 2019, when it set up Corteva (its agriculture business) as a separate company (symbol CTVA on New York and a recommendation of our Power Growth Investor newsletter). In another spinoff, it set up its Materials Science operations as Dow Inc (symbol DOW on New York). Today, DuPont has two divisions: electronics and industrials, and water and protection. Its products include the following: construction materials such as Tyvek home wrap; fibers such as Kevlar, which is used in bulletproof vests; and materials used in electronic displays. On November 2, 2021, the Delaware-based company announced the acquisition of Rogers Corporation (symbol ROG on New York) for $5.2 billion in cash. Rogers is a manufacturer of engineered materials for the aerospace, defence, automotive, medical, and many other industries. Rogers will be integrated into DuPont’s Electronics & Industrial business unit. The acquisition accelerates DuPont’s move into…