DuPont de Nemours, Inc.’s debut as an independent company


Skadden is advising DowDuPont, which today announced that DuPont de Nemours, Inc., the premier innovation provider of value-added specialized solutions that transform industries and everyday life, debuts as an independent company following the successful separation of its Agriculture Division through the spin-off of Corteva, Inc.

DuPont de Nemours, Inc., the premier innovation provider of value-added specialized solutions that transform industries and everyday life, makes its debut as an independent company following the successful separation of its Agriculture Division through the spin-off of Corteva, Inc.

The company was formerly known as DowDuPont Inc. DuPont common stock begins regular way trading today on the New York Stock Exchange (NYSE) under the ticker symbol “DD.”

DuPont has a presence in over 70 countries, with headquarters in Wilmington, Delaware, and operates approximately 170 manufacturing sites, over 10 global R&D centers and 10 global innovation centers.

Immediately following the distribution of Corteva common stock on June 1, 2019, DuPont completed a 1-for-3 reverse stock split and as a result DuPont common stockholders now hold one share of common stock of DuPont for every three shares of DowDuPont common stock held prior to the reverse stock split.

Skadden advised DowDuPont with a team including M&A partner Brandon Van Dyke (Picture); Tax partner David Rievman; Capital Markets partner Ryan Dzierniejko (New York/Toronto); Banking partner Stephanie Teicher; Executive Compensation and Benefits partner Regina Olshan; Intellectual Property and Technology partners Bruce Goldner and Resa Schlossberg; and M&A associate Kyle Hatton.

Involved fees earner: Ryan Dzierniejko – Skadden Arps Slate Meager & Flom; Bruce Goldner – Skadden Arps Slate Meager & Flom; Kyle Hatton – Skadden Arps Slate Meager & Flom; Regina Olshan – Skadden Arps Slate Meager & Flom; David Rievman – Skadden Arps Slate Meager & Flom; Resa Schlossberg – Skadden Arps Slate Meager & Flom; Stephanie Teicher – Skadden Arps Slate Meager & Flom; Brandon Van Dyke – Skadden Arps Slate Meager & Flom;

Law Firms: Skadden Arps Slate Meager & Flom;

Clients: DowDuPont Inc. ;

Author: Ambrogio Visconti