John Burke Dupont Fabros Technology DFT-N COMMENT May 11, 2016

DuPont (DFT-N) or Dow (DOW-N)? This is going to merge with Dow, and then split into 3 companies. It is hard to figure out what you are going to get in these 3 companies. There is not enough information yet. He is basically exiting his position and is going to look at the 3 companies that are going to come out, and do his analysis to see if he likes what comes out. If you have a big gain, it remains to be seen if this is going to be ruled as a taxable transaction are not.