DuPont completes performance coatings sale to Carlyle Group
11:22 AM MST | February 4, 2013
DuPont says it has completed the sale of its performance coatings business to The Carlyle Group for $4.9 billion. DuPont announced the sale of last August. â€śWe intend to use a portion of the proceeds from the sale of the DPC business to buy back $1 billion of the companyâ€™s common stock during the first half of this year,â€ť says executive v.p. and CFO Nicholas Fanandakis. â€śAdditionally, we anticipate using the remaining portion of the DPC sale proceeds to further strengthen our balance sheet, which should give us flexibility to invest in future selective...
Access is for Chemweek 24/7 PLUS Members ONLY
This information is only available to Chemweek 24/7 PLUS members who have subscribed to Chemweek’s Business Daily. If you are a member, please log in, OR if you have a trial membership, please use your trial membership account information.
Forgot your user ID or password? Click here to have it sent to you.