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E. I. du Pont de Nemours and Company (DuPont) (DD)

  • Mon, Mar. 23, 12:35 PM
    • Origin Agritech (SEED +24.5%) soars in a move attributed to a WSJ article discussing China's desire to develop a local seed company, potentially through a renewed bid for SEED, which controls the rights to China's first genetically modified corn.
    • SEED last year rejected a $60B takeover bid from China's state-backed Hunan Xindaxin but its top executives believe another attempt is coming, as China looks to find a way to can keep foreign giants such as Monsanto (NYSE:MON), DuPont (NYSE:DD) and Syngenta (NYSE:SYT) at bay while significantly increasing the country’s spending on R&D.
    • China is the world’s second largest seed market but limits foreign producers to minority stakes in joint ventures, and its domestic seed makers are too small and scattered for the government to corral in pursuit of controlling the biotechnology that underpins the competitive power of global seed manufacturers.
  • Dec. 19, 2014, 4:33 PM
    • S&W Seed (NASDAQ:SANW) agrees to acquire of all of DuPont Pioneer's (NYSE:DD) alfalfa production and research facility assets, as well as all non-GMO alfalfa germplasm, for up to $42M.
    • S&W also agrees to be DuPont Pioneer's sole supplier of alfalfa seed through 2024.
    • S&W expects the alfalfa business to contribute $26M of incremental annual revenues in FY 2015 and $40M in FY 2016.
  • Sep. 2, 2014, 9:56 AM
    • DuPont (DD -0.7%) has completed the sale of its Sontara business, which produces nonwoven fabrics, to Jacob Holm, .
    • Jacob Holm will now operate Sontara assets in Asturias, Spain, and Old Hickory, Tennessee, employing 240 employees worldwide.
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  • Sep. 2, 2014, 7:10 AM
    • Dupont (NYSE:DD) has sold its 67% stake in its polymers joint venture, Speciality Polymers Antwerp, to minority partner Borealis.
    • Under the terms of the deal, DuPont will continue to provide ethylene vinyl acetate and acrylate copolymers and Borealis will supply DuPont with ethylene vinyl acetate and acrylate copolymers from the facility.
  • Aug. 28, 2014, 10:43 AM
    • Syngenta (SYT -0.3%) is open to a deal, whether as an acquirer or as a target, perhaps with Dow Chemical (DOW -1.4%) or DuPont (DD +0.2%), Bloomberg speculates.
    • SYT and Monsanto (MON -0.5%) held preliminary talks with advisers earlier this year about a combination that never came to fruition, which shows SYT’s willingness to make a deal, analysts say.
    • One option discussed is a takeover of Dow’s agricultural business, which Dow is open to divesting; SYT also could merge with DuPont and then spin off the U.S. company’s non-agricultural businesses.
    • Dow may be a better candidate to use a SYT acquisition to relocate overseas for tax advantages, analysts suggest, but with the Obama administration looking at ways to discourage tax-inversion acquisitions, DuPont’s well-known brands and sales to the U.S. military may spark greater political pushback.
  • Aug. 15, 2013, 3:04 AM
    • Activist investor Nelson Peltz has reportedly taken a 2.2% stake worth $1.3B in DuPont (DD). Peltz's Trian Fund Management owns 21M shares, well above the publicly disclosed figure of 5.8M as of June 30.
    • Trian recently met with Du Pont CEO Ellen Kullman to discuss the hedge fund's proposals, as contained in a "white paper," about how to boost growth. This follows flat in sales in H1 and an increase of just 3.6% in 2012.
    • Trian might push DuPont to break up some of its disparate parts, although it's worth noting that the company is already looking to sell a chemical business that makes refrigerants and pigments for paint.
  • Jul. 23, 2013, 7:38 AM
    More on DuPont (DD +2.7%) Q2: DuPont is looking to sell or spin off its performance-chemicals unit as part of a strategy to become a "higher growth, less cyclical" company, and as a way to insulate itself from stagnating sales of paint pigments. The business includes DuPont's Titanium Technologies and Chemicals & Fluoroproducts operations, which generated total sales of $7.2B in 2012. The company has also announced a management reshuffle. (PR)
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  • Jan. 29, 2013, 3:43 PM
    DuPont (DD -0.4%) is putting its cyanide business on the block and has hired Morgan Stanley to advise on a potential sale, Reuters reports. The unit, which sells the chemical for use in gold mining, could be worth more than $700M. DD is under pressure to focus more on its food and ag products; it sold its performance coatings unit last August to Carlyle Group for $4.9B.
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  • Aug. 30, 2012, 7:47 AM
    Carlyle Group (CG) acquires DuPont Performance Coatings from DuPont (DD) for $4.9B in an acquisition that is expected to close in Q1. The deal ends various rounds of bidding that lasted for most of the summer.
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  • Aug. 29, 2012, 8:59 AM
    Syngenta (SYT) agrees to pay DuPont (DD) $125M to buy the latter's professional products insecticide business, which includes the Advion and Acelepryn brands, and other intellectual property. Syngenta says the deal will help it increase its profitability in the lawn and garden markets. (PR)
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  • Aug. 6, 2012, 8:44 AM
    The Carlyle Group (CG) is close to sealing a nearly $5B buyout of DuPont’s (DD) auto paint business, NY Post reports. The deal, said to be at ~8x EBIT, would leave bids by Apollo Global (APO), Blackstone (BX) and KKR in its wake.
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  • Jul. 24, 2012, 3:27 PM
    DuPont (DD -2%) has received three final bids for its car paint unit, Reuters reports, as its auction of the ~$3.5B business enters its final leg. Carlyle Group (CG), Apollo Global (APO) and a consortium of KKR and Onex reportedly submitted final bids; a pairing of Blackstone (BX) and Bain Capital, previously part of the process, dropped out.
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  • May. 15, 2012, 1:13 PM
    DuPont (DD) has narrowed down the list of bidders for its car paint unit, which could fetch up to 4B, to four suitors, Reuters reports. They are: the consortium comprising Blackstone (BX) and Bain; that made up of KKR (KKR) and Onex; Carlyle (CG), and Apollo (APO).
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  • May. 1, 2012, 9:17 AM
    DuPont (DD) acquires from Bunge (BG) full ownership of the Solae joint venture, a world leader in developing soy-based ingredients for nutritious food products, for $440M. DuPont previously owned 72% of the JV, while Bunge owned the remaining 28%.
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  • Mar. 1, 2012, 8:07 AM
    Air Products (APD) agrees to acquire all of DuPont's (DD) interest in a joint venture the two companies own together. Terms of the agreement were not disclosed.
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  • Feb. 14, 2012, 2:15 PM
    Valspar (VAL +4.7%) shares hit an all-time high after the paint maker raises its 2012 profit forecast and says it will continue to hike prices to offset rising raw materials costs. CEO Gary Hendrickson also rules the company out of bidding for the $3B coatings business DuPont (DD -2%) is looking to sell.
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Company Description
E I du Pont de Nemours & Company is a science and engineering company that offers products and patents applications for agriculture, nutrition, electronics and communications, safety and protection, home and construction, transportation and apparel.
Country: United States