Tag Archives: DowDupont Spinoff

What A Long Strange Trip It’s Been! With Corteva Spinoff Complete, DuPont Is Once Again DuPont

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A recent piece in Barron’s notes that “Sanford Bernstein analyst Jonas Oxgaard recently called the DowDuPont merger and 3-way split the “most complicated action in corporate history.”” It goes on to note, regarding the scale of the transactions: Oxgaard’s claim is difficult to verify, but it doesn’t feel far from the truth. Consider, legacy-Dow and legacy-duPont announced their intention to form the largest… Read More »

Escape- DowDuPont Likes Corteva Coladas- Spinoff And Name Change Set For June 1

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It seem like just last month that DowDuPont(DWDP) completed the spinoff of Dow(DOW). As was planned from the moment Dow and DuPont merged just a few short years ago, DowDuPont has one more spinoff to complete before it changes its name back to DuPont(or DuPont de Nemours, Inc., to be precise), and its ticker back to DD. DowDuPont’s… Read More »

She DRiV Me Crazy- Tenneco Spinoff On Track For Second Half Of 2019

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We thought it was unusual that Dow and Dupont merged into DowDuPont(DWDP) with the plan from the start being to break back up into three companies: Dow(DOW), DuPont, and Corteva. Yet here we are not a month later discussing a similar situation. Last year, Tenneco(TEN) purchased Federal Mogul from Carl Icahn with plans to spinoff the combined aftermarket… Read More »

Barron’s Notes That Analysts Prefer Dow Over DowDuPont

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Earlier this month DowDuPont (DWDP) began its ‘slim down’ phase with the spinoff of the new Dow Corporation (DOW). The new company received lots of love from the index community. It replaced DowDuPont in the Dow Jones Industrial Average and is also a member of the S&P 500 index. Now it is seemingly also the darling of the… Read More »

DowDuPont Goes Dow The Rabbit Hole- Dow Spinoff Is Complete, Corteva Set For June

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Some combinations are long-lived. Procter & Gamble(PG) became partners in 1837. Others are over before they began. Dow and DuPont merged 18 months ago to form DowDuPont(DWDP). From the time the deal was announced 18 months earlier, they planned to break up. Now, after shuffling around some businesses, they have taken the first step in their breakup process.… Read More »

Barron’s Sees Value In Dow Spinoff

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DowDuPont(DWDP) celebrates its last trading day intact today. After the bell, it will spin off Dow(DOW), and on June 1, it will spin off its agriscience business as Corteva. Shareholders will receive one share of Dow stock tonight for every three shares of DowDuPont stock owned. It has been a complicated road to get here. CEO Ed Breen… Read More »

DowDuPont Spinoff Dow Will Replace DowDuPont In Dow Jones Industrial Average(Not Related)

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A spinoff of a Dow Jones Industrial Average component is not an everyday occurrence.  GE(GE), a former Dow component, recently spun off its transportation business into Wabtec(WAB), but the struggling company was removed from the Dow last June. United Technologies(UTX) plans to split in three next year. Even rarer, in this case, the child will join the Dow,… Read More »

Slow Spin Coming- New Dow Is Living In A Materials World, Starting April 1

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A title pairing Robert Zimmerman and Madonna Louise Ciccone- too much? No matter, we’re having fun. DowDuPont(DWDP) is as well, with two spins coming up, the first in just weeks. It was just 36 months ago that Dow and DuPont announced their merger, and just 18 months ago when it closed. All along, they intended to split into… Read More »

Gabelli & Friends- You Spin(off) Me (Barron’s) Round(Table)

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Active management may be under attack, but don’t tell that to Barron’s. Every year the venerable paper hosts an investor roundtable featuring some of the industry’s leading voices and largest active asset managers. The day long event offers a chance to hear their thoughts on a wide variety of topics including the economy and pressing global issues. Readers… Read More »

Spinoff Odds & Ends: Talk CEO To Me Edition DWDP REZI HON

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It may be a new year, but we are reviving our series of popular Odds and Ends pieces. In this end of week edition, we hear from CEOs of spin off related companies. The buck has to stop somewhere so why not hear it straight from the top? The WSJ recently featured a chat with Ed Breen, the… Read More »

Spinoff Odds & Ends: Dow & DuPont Tax Maneuvers, Starwood’s CEO Turnover

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A few short hits for a December Friday: By now, everyone has read about the proposed ‘mega merger of equals’ between Dow Chemical (DOW) and DuPont (DD) and the subsequent breakup into three separate companies (agriculture, specialty products and materials). One question worth pondering is how does it actually avoid the tax man? It sure seems like a… Read More »