other material
confidence high
sentiment neutral
materiality 0.85
DuPont board approves Qnity spin-off; shareholders to receive 1 share per 2 DD shares on Nov 1
Qnity Electronics, Inc.
- DuPont shareholders of record Oct 22 will receive 1 Qnity share per 2 DD shares on Nov 1 distribution date.
- Qnity board declared ~$4.122B cash dividend plus $66M pre-funded interest to DuPont, payable Oct 31.
- When-issued Qnity stock (Q WI) trades Oct 27-31; regular-way Q shares begin Nov 3 on NYSE.
- Certificate of incorporation amended to authorize preferred stock; final A&R certificate expected before separation.