On Air Now

Current Show

WSAU Wisconsin Morning News   5:00 AM - 8:00 AM

Seth Mela, Tom King and Chris Conley

Show Info »

Upcoming Shows

Program Schedule »

Listen

Listen Live Now » 550 AM Wausau, WI 99.9 FM Stevens Point, WI

Weather

Current Conditions(Wausau,WI 54403)

More Weather »
59° Feels Like: 59°
Wind: NE 3 mph Past 24 hrs - Precip: 0.02”
Current Radar for Zip

Today

Partly Cloudy 74°

Tonight

Partly Cloudy 53°

Tomorrow

PM Showers 70°

Alerts

Bowing to Wall Street, DuPont to spin off titanium dioxide unit

(Reuters) - DuPont said on Thursday it will spin off its titanium dioxide unit and related businesses into a separately traded public company within 18 months.

The move to separate the Performance Chemicals business, which had been aggressively sought by Wall Street, will allow DuPont to better focus on specialty materials and agriculture, two growth areas.

DuPont said its existing shareholders will own 100 percent of the business after the spinoff. The spinoff will likely dent fourth-quarter earnings by a penny to 2 cents per share.

Shares of DuPont rose 3.9 percent to $63.76 in after-hours trading.

(Reporting by Ernest Scheyder; Editing by Phil Berlowitz)

Comments