DuPont CEO Kullman steps down; veteran executive Breen named interim CEO
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DuPont (DD) Breakup 'Highly Likely' Following CEO Exit, Says Deutsche Bank
October 6, 2015 8:37 AM EDTDeutsche Bank analyst David Begleiter thinks a breakup of DuPont (NYSE: DD) is "highly likely" following the retirement of CEO Ellen Kullman, who has consistently argued against a breakup of DuPont. Begleiter noted that interim CEO Ed Breen, as CEO of Tyco, broke up the company twice.
"Following the abrupt retirement of CEO... More
DuPont (DD) PT, Estimates Trimmed at UBS; Sees Possible 2nd Proxy Battle
October 6, 2015 7:40 AM EDTUBS analyst John Roberts reiterated a Neutral rating and trimmed his price target on DuPont (NYSE: DD) to $55.00 (from $56.00) after the CEO resigned. The analyst sees the possibility of a 2nd proxy battle as they believe Trian won the active institutional vote last... More
