May 1st, 2017

Carol Levenson quoted in this story on DuPont

It's an "unusual development," Carol Levenson, analyst for Gimme Credit LLC, said in a report to clients. She noted that the DuPont plan's liabilities exceeded assets by $6 billion at year end. "Apparently, borrowing is a more tax-efficient way" to boost the fund than paying cash directly, Levenson added. She predicted the bonds may be difficult to sell until Dow and DuPont explain more details about the capital and financial structures of their successor companies

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