DuPont de Nemours, Inc. (NYSE:DD) agreed to Spin-Off Water business on May 22, 2024. Under the plan, DuPont would execute the proposed separations of its Electronics and Water businesses in a tax-free manner to its shareholders with New DuPont continuing as a premier diversified industrial company following completion of the separations. Water business generated net sales of approximately $1.5 billion in 2023.

The separation transactions will not require a shareholder vote and are subject to satisfaction of customary conditions, including final approval by DuPont's Board of Directors, receipt of tax opinion from counsel, the filing and effectiveness of Form 10 registration statements with the U.S. Securities and Exchange Commission, applicable regulatory approvals and satisfactory completion of financing. DuPont expects to complete the separations within 18 to 24 months. Skadden, Arps, Slate, Meagher & Flom LLP is acted as a legal advisor, Centerview Partners LLC and Goldman Sachs & Co.

LLC are serving as DuPont's financial advisors.