DuPont To Acquire Donatelle Plastics For Undisclosed Terms

RTTNews | hace 498
DuPont To Acquire Donatelle Plastics For Undisclosed Terms

(RTTNews) - Chemical company DuPont de Nemours, Inc. or DuPont (DD) announced Tuesday it has signed an agreement to acquire Donatelle Plastics Inc., a medical device contract manufacturer specializing in the design, development and manufacture of medical components and devices.

The transaction is expected to close in the third quarter 2024, subject to satisfaction of customary closing conditions and receipt of regulatory approvals.

DuPont's healthcare exposure within the Industrial Solutions line of business of the E&I segment includes Spectrum, a leader in medical device components, and Liveo, a leader in silicone solutions for healthcare applications.

The acquisition of Donatelle Plastics will bring complementary advanced technologies and capabilities including medical device injection molding, liquid silicone rubber processing, precision machining, device assembly, and tool building.

Donatelle Plastics has a strong financial growth profile aligned to attractive therapeutic areas including electrophysiology, drug delivery, diagnostics, cardiac rhythm management, neurostimulation, and orthopedic extremities.

read more
DuPont Q4 Results Miss Estimates; Boosts Dividend 9%

DuPont Q4 Results Miss Estimates; Boosts Dividend 9%

DuPont reported Tuesday a profit from continuing operations for the fourth quarter that decreased 37 percent from last year, hurt by charges related to the intended Rogers transaction. Both adjusted earnings per share from continuing operations and quarterly net sales missed analysts' expectations. The company also provide guidance for the first quarter and the full-year 2023.
RTTNews | hace 1002
DuPont, Rogers Provide Update On Pending Merger

DuPont, Rogers Provide Update On Pending Merger

DuPont de Nemours, Inc. (DD) and Rogers Corp. (ROG) on Friday provided an update on regulatory approval of the pending merger of Rogers and Cardinalis Merger Sub, Inc., a wholly owned subsidiary of DuPont, which was previously expected to close in the third quarter of 2022.
RTTNews | hace 1132
Steady Start Seen For KOSPI

Steady Start Seen For KOSPI

The South Korea stock market has finished lower in back-to-back sessions, tumbling almost 220 points or 5 percent in that span. The KOSPI sits just above the 4,000-point plateau although it's expected to halt its slide on Thursday.
RTTNews | hace 1h 15min
Australia Trade Data Due On Thursday

Australia Trade Data Due On Thursday

Australia will on Thursday release September figures for imports, exports and trade balance, highlighting a modest day for Asia-Pacific economic activity. In August, imports rose 3.2 percent on month and exports fell 7.8 percent for a trade surplus of A$1.825 billion.
RTTNews | hace 1h 45min
TSX Rises Over 1%; Materials, Energy Stocks Move Up Sharply

TSX Rises Over 1%; Materials, Energy Stocks Move Up Sharply

The Canadian market is up firmly in positive territory on Wednesday, lifted by strong gains in energy, materials and technology sectors. Data showing an improvement in Canadian services sector activity, firm commodity prices and bargain hunting after recent sharp decline contribute to market's notable move up north.
RTTNews | hace 6h 51min
U.S. Service Sector Activity Returns To Expansion In October

U.S. Service Sector Activity Returns To Expansion In October

The Institute for Supply Management released a report on Wednesday showing U.S. service sector activity returned to expansion in the month of October. The ISM said its services PMI climbed to 52.4 in October after falling to 50.0 in September, with a reading above 50 indicating growth. Economists had expected the index to inch up to 50.8.
RTTNews | hace 8h 55min