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DuPont receives a special cash payment of about $7.3 billion, approximately $5 billion of which will be used to retire outstanding debt.
February 1, 2021
By: Anthony Locicero
Copy editor, New York Post
DuPont announced it is completing the merger of IFF and Nutrition & Biosciences. In connection with the closing of the transaction with IFF, DuPont receives a special cash payment of about $7.3 billion, approximately $5 billion of which will be used to strengthen the balance sheet by retiring outstanding debt. As a result of the merger completion, DuPont will move forward with a sharpened strategic focus and is making certain targeted adjustments to its reporting structure. ...
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