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Dupont (NYSE:DD) edged higher by almost 2% after a report that its water treatment is seeing takeover interest.
The unit, which Dupont (DD) planned to spin out, is seeing interest from Xylem (XYL) and Veralto Corp. (VLTO), who are in the early stages of looking at the Dupont Water Solutions business, according to a Bloomberg report on Monday, which cited people familiar with the matter.
Deliberations are ongoing, and it’s not certain if Xylem (XYL) or Veralto (VLTO) will make any bid for the water treatment unit.
Dupont (DD) announced plans last month to split into three publicly traded companies. The company said it will separate its electronics and water units through tax-free transactions