Around the World's Markets: New York
WALL STREET stocks made modest advances as the chemical giant Du Pont led the action in a quiet day for economic news. By mid-morning, the Dow Jones industrial average was up 24 points at 11,150.
Du Pont, a component of the Dow-30, was up $4-1/16 at $72-11/16 after setting the terms for the spin-off of its remaining interest in Conoco.
The deal represents a premium of 18 per cent based on Thursday's closing prices.
Subscribe to Independent Premium to bookmark this article
Want to bookmark your favourite articles and stories to read or reference later? Start your Independent Premium subscription today.
Join our commenting forum
Join thought-provoking conversations, follow other Independent readers and see their replies