Deals
DuPont Considers Alternatives to Spinoff, Tronox Jumps
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DuPont Co. is considering alternatives to a planned spinoff of its performance chemicals unit, which may pave the way for a deal with Tronox Ltd. Tronox shares rose the most since February.
DuPont is considering a so-called Reverse Morris Trust for the unit that makes titanium-dioxide pigment, Teflon and refrigerants, Chief Financial Officer Nicholas Fanandakis said today. A Reverse Morris Trust may create “synergies” with a potential partner, he said.