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DowDuPont Inc.
DWDP, -1.66%
announced Thursday afternoon that he was suffering a massive depreciation of $ 4.6 billion, dropping the shares by more than 6% at the end of the session. In a document filed with the Securities and Exchange Commission, the Company announced its intention to assume the charge for the quarter ended September 30 on the basis of the fair value measurements performed at the time of the merger, which DowDuPont has revalued regularly during the fourth fiscal quarter. . DowDuPont said that an analysis had shown that its agricultural control unit would not match cash flow expectations because of "lower sales growth and margins in North America and Latin America. and adverse currency effects related to the Brazilian real ". "The lower growth forecasts are due to the reduction in planted area, the expected unfavorable change in maize in Latin America by soybeans, and delays in product registration," the paper says. This change triggered a re-evaluation that led to new charges, mainly related to ongoing research and development. Shares of DowDuPont closed at $ 58.58 on Thursday, their lowest price since the merger of Dow and DuPont last year, before the sharp decline after the normal working hours. Shares have fallen 17.8% since the beginning of the year, the S & P 500 index
SPX, -1.44%
gained 5.1%.
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