DuPont Co. will shed nearly $300 million worth of environmental remediation baggage along with some of its most volatile and competitive-industry business units when it spins three major business segments off
as Chemours Co., Delawareonline reports.
as Chemours Co., Delawareonline reports.
"The cleanup bill, including some involving local sites, could push much higher, a Securities and Exchange Commission information statement on the breakup added, with "adverse" circumstances possibly sending the environmental burden above $1 billion.
"More than 21 percent of Chemours’ $1.28 billion in contractual obligations at the end of 2013 involved environmental remediation, second only to raw material purchase obligations, according to a company filing. Legal settlements accounted for another $89 million in current and future debts.
