This spinoff has turned itself around

Article Excerpt

THE CHEMOURS CO. $49 (New York symbol CC; Manufacturing sector; Shares outstanding: 185.2 million; Market cap: $9.1 billion; Takeover Target Rating: Highest; Dividend yield 1.4%; TSINetwork Rating: Extra Risk; www.chemours.com) began trading in July 2015 after Du- Pont spun off the company. The split was prompted by activist investor Nelson Peltz’s Trian Fund Management. After the spinoff, DuPont went on to merge with Dow Chemical in September 2017. The two giants have formed DowDuPont Inc. (symbol DWDP on New York). Chemours now has three main segments: Titanium Techologies, which makes titanium dioxide (TiO2), a popular pigment found in products ranging from car paint and food colouring to sunscreen; Fluoroproducts, which includes refrigerents and Teflon coatings; and Chemical Solutions, a maker of industrial chemicals used in gold production, and oil and gas, water treatment and other industries. The Chemours Company • Spun off from DuPont in 2015 as a way to offload earnings volatility, debt and legal liabilities • With aggressive measures and a bit…