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Investors are keeping a close eye on DuPont (NYSE: DD ) stock today as the American multinational chemical company opts to break up its business into three distinct companies . Indeed, DuPont will fracture its electronics and water sectors, leaving the third company more specifically focused on its biopharma and medical devices. The transaction will be tax-free to shareholders.

It will be completed over the next 18 to 24 months and is still subject to approval by Dupont’s board of directors. DuPont, which announced the split late Wednesday, is seemingly the latest in a growing number of industrial giants choosing to fracture their business in pursuit of higher financial gains. This includes the likes of General Electric (NYSE: GE ), which split into GE Vernova (NYSE: GEV ) and GE Aerospace, and Johnson & Johnson (NYSE: JNJ ), which spun off its consumer-health division into Kenvue (NYSE: KVUE ).



This isn’t the first time Dupont has opted to split up, either. In fact, Chief Executive Ed Breen has facilitated numerous major corporate changes over the course of his career, including Dupont’s merger with Dow Chemical about 10 years ago. “The three-way separation will unlock incremental value for shareholders and customers and also create new opportunities for employees,” Breen said .

“Critically, each company will have greater flexibility to pursue their own focused growth strategies, including portfolio enhancing M&A (mergers and acquisitions).” That said, the brea.

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