DuPont to Complete Sale of ~80% Ownership in Delrin Business to TJC
November 02, 2023
November 02, 2023
WILMINGTON, Delaware, Nov. 2 -- DuPont issued the following news release:
DuPont (NYSE: DD) announced that today it will complete its previously announced sale of an 80.1% ownership interest in the Delrin(R) acetal homopolymer (H-POM) business to an affiliate of TJC LP (TJC) in a transaction valuing the business at $1.8 billion.
At close, DuPont will receive pre-tax cash proceeds of approximately $1.28 billion which includes certain customary transaction adjustments, a . . .
DuPont (NYSE: DD) announced that today it will complete its previously announced sale of an 80.1% ownership interest in the Delrin(R) acetal homopolymer (H-POM) business to an affiliate of TJC LP (TJC) in a transaction valuing the business at $1.8 billion.
At close, DuPont will receive pre-tax cash proceeds of approximately $1.28 billion which includes certain customary transaction adjustments, a . . .