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Officials said the spinoff will allow investors a choice between the cash potential of the performance chemicals business and the growth potential of the parent company. "DuPont will benefit from more stable, predictable earnings and cash flow," said Chief Financial Officer Nick Fanandakis. The spinoff also will allow DuPont to intensify its focus on its more science-driven business segments: agriculture and nutrition, industrial biosciences and advanced materials. At the same time, DuPont officials says the performance chemicals unit is well positioned to be a highly competitive stand-alone company "This is going to be a world-class global chemical company," Fanandakis said. The performance chemicals spinoff is the latest in series of strategic moves by DuPont in recent years, including the acquisition of the enzyme and specialty food ingredients businesses of Danish company Danisco, and the divestiture of DuPont's performance coatings segment earlier this year.
[Associated
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