Live
ePaper
Search
Home > Business > DuPont board approves Qnity spinoff

DuPont board approves Qnity spinoff

Written By: Indianews Syndication
Last Updated: October 16, 2025 02:26:56 IST

(Reuters) -Industrial materials maker DuPont's board has approved the previously announced separation of its electronic business, Qnity Electronics, the company said on Wednesday. Investors holding DuPont stock as of October 22 will receive one Qnity share for every two DuPont shares on November 1. "In connection with the spinoff, Qnity's board declared a cash dividend of about $4.122 billion plus the pre-funded interest deposit of around $66 million made by DuPont in connection with the debt obligations," the company said. DuPont's electronic segment includes semiconductor technologies and interconnect solutions. In September, the company said it expects 2025 net sales of about $6.87 billion, recasting its prior outlook to reflect the planned spin-off of its electronics unit and the divestiture of its Aramids business. (Reporting by Sumit Saha in Bengaluru; Editing by Shailesh Kuber)

(The article has been published through a syndicated feed. Except for the headline, the content has been published verbatim. Liability lies with original publisher.)

MORE NEWS

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?