I would wager that one of the companies is going to hold all of their products that are liabilities that they expect huge lawsuits from.
Monsanto has done the same in the past.
First thing I thought of.
Let’s not forget Bayer doing the same to make it impossible to prosecute them for infecting thousands of people with HIV and Hepatitis intentionally.
3m recently, too
Absolutely, they are preemptively limiting exposure to something they expect to be a problem in the near future.
They’ve already done that once. See Chemours
Poison Inc.
Mega Poison Lld.
Sweetums.
And none of them will ever be held responsible.
The company plans to spin off its electronics and water businesses into their own yet-to-be-named companies
This is the second DuPont breakup in half a decade. In 2019, DowDuPont, which was created in a DuPont merger with Dow Chemical, broke apart into three separate entities: DuPont, Dow Chemical and Corteva, the company’s agriculture business.
On Wednesday, DuPont said the newly formed electronics company would focus on “semiconductor solutions and advanced electronics products,” while the new water company would be “a comprehensive water solutions provider.” The leftover divisions will remain as part of DuPont.
I wonder if this is the harbinger of a bunch of companies breaking up after decades of consolidation.
It would definitely be good to have a big round of breakups to get competition going again. Then we just have to fight against the consolidation that will start up in 20-30 years.
Trepont
Metaphorically, it seems like an animal chewing its own foot off, when trying to escape a trap.
Gives off vibes like its trying to protect the rest of itself, especially after so many years of being a monolithic company.
Exactly what I thought when I read this.
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