Investing
DuPont to sell Delrin resins unit to PE firm for around $1.8 billion – Bloomberg News
© Reuters. FILE PHOTO: A logo is pictured outside of Dupont offices in Geneva, Switzerland, April 15, 2021. REUTERS/Denis Balibouse/File Photo
(Reuters) – Materials and chemicals maker DuPont (NYSE:) De Nemours Inc is in advanced talks to sell its Delrin resins unit to private equity firm The Jordan Company for about $1.8 billion, Bloomberg News reported on Sunday, citing people familiar with the matter.
Jordan Company could announce the deal as soon as this week, the report said, adding that no final decision has been made and that talks could still fall apart.
Lone Star and Platinum Equity were the other bidders for the assets, Bloomberg News had reported earlier in the month.
DuPont had earlier this month raised its 2023 sales forecast betting on demand picking up for its materials used to make a wide range of products including automotive components and semiconductors. The company had in May said that it doesn’t see any M&A deal over the next year.
Delrin acetal homopolymer from DuPont is used for high-load mechanical applications such as gears, safety restraints, door systems, conveyor belts, healthcare delivery devices, and other demanding products and parts.
Dupont and Jordan Company did not immediately respond to Reuters’ request for comment.
Read the full article here
The One Key Factor in Making Your Scaling Strategy a Success
This Tiny Phone Can be the Perfect Tool for Business Owners on the Go
Success Isn’t About Having the Best Idea — It’s About Resilience
5 Essentials of Good Leadership
U.K. stocks higher at close of trade; Investing.com United Kingdom 100 up 0.10% By Investing.com
This All-Access Pass to Learning Is Now $20 for Black Friday
How to Create a Routine That Balances Rest and Business Success
Apple Prepares a New AI-Powered Siri to Compete With ChatGPT
A Macy’s Employee Made Accounting Errors Worth $132 Million
Factbox-How Trump can overhaul US financial regulators when he takes office By Reuters
Debt ceiling debate and its effect on the U.S. dollar
Debt ceiling default: Still no deal between parties
Stovall: If the U.S. defaults on its debt, all S&P 500 sectors will likely fall
What China's weaker-than-expected economy could mean for U.S. markets
A ‘Big Short’ investor sees financial disaster brewing in housing markets — again
-
Investing5 days agoThis All-Access Pass to Learning Is Now $20 for Black Friday
-
Passive Income5 days agoHow to Create a Routine That Balances Rest and Business Success
-
Side Hustles6 days agoApple Prepares a New AI-Powered Siri to Compete With ChatGPT
-
Side Hustles3 days agoA Macy’s Employee Made Accounting Errors Worth $132 Million
-
Investing2 days agoFactbox-How Trump can overhaul US financial regulators when he takes office By Reuters
-
Passive Income6 days agoCustomers Want More Than Just a Product — Here’s How to Keep Up
-
Passive Income2 days ago5 Ways AI Can Accelerate Your Entrepreneurial Journey
-
Side Hustles5 days agoGift the Power of Language Learning with This Limited-Time Price on Babbel