DuPont Cancels Planned Spin-Off of Water Business

Image source: DuPont

Published on January 20, 2025

DuPont de Nemours, Inc. has officially cancelled its plan to spin off its Water business, initially announced on May 22, 2024. The proposed separation was intended to be tax-free for shareholders, with the Water segment generating approximately $1.5 billion in net sales in 2023. The transaction, which did not require a shareholder vote, was contingent upon customary conditions such as board approval, regulatory clearances, and the filing of necessary SEC documents.

Originally, DuPont aimed to complete the spin-off within 18 to 24 months, with legal advisement from Skadden, Arps, Slate, Meagher & Flom LLP and financial guidance from Centerview Partners LLC and Goldman Sachs & Co. LLC. However, the company has decided to retain its Water business, maintaining its position as a diversified industrial leader. DuPont did not specify the reasons for the cancellation but affirmed its commitment to its existing business structure.

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