DuPont plans $2b share buyback after spin off | The Daily Star
12:00 AM, May 22, 2019 / LAST MODIFIED: 12:09 AM, May 22, 2019

DuPont plans $2b share buyback after spin off

DuPont said on Tuesday it plans to announce a $2 billion share repurchase program after separation from DowDupont on June 1.

DowDuPont,  formed in 2017 by the $130 billion merger of chemical giants Dow  Chemical and DuPont, is now in the process of splitting into three  separate business units - Dow, DuPont and Corteva Agriscience. 

Dow  Inc, which makes chemicals used in cosmetics, paints and packaging, was  spun off on April 1. Corteva is set to be separated on June 1. The  company produces corn, soybean, cotton sunflower seeds as well as  insecticides and herbicides.

DuPont, which makes chemicals used  in semiconductors, brake fluids and lubricants, plans to grow full-year  organic revenue by 2 percent to 3 percent and adjusted operating core earnings by 3 percent to 5 percent as a separate entity.

 

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