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CC / Chemours stock drops nearly 2% after final ‘forever chemicals' deal announced

Shares of Chemours Co. CC, +2.79% dropped nearly 2% in the aftermarket Friday after the chemicals company, alongside DuPont de Nemours Inc. DD, +0.82% and Corteva Inc. CTVA, -0.69%, said it has reached a final $1.85 billion deal in principle to settle claims they are responsible for so-called “forever chemicals” in drinking water in the U.S., hewing close to what the companies announced in early June. The $1.185 billion will go into a settlement fund the three companies will establish, with Chemours contributing about 50%, or about $592 million, and DuPont, with about $400 million, and Corteva, with about $193 million, contributing the remaining 50%. Read More

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Posted: Jun 30 2023, 17:40

Author Name: Market Watch

CC News

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