DuPont Plans To Sell Its Delrin Resins Business For $1.8B: Report
Portfolio Pulse from Lekha Gupta
DuPont de Nemours Inc is reportedly in advanced talks with The Jordan Company to sell its Delrin resins unit for around $1.8 billion. The deal aligns with DuPont's focus on electronics, automotive, and water and industrial technologies industries. No final decision has been made and talks could still fall apart. DuPont recently reported a Q2 FY23 sales decrease of 7% Y/Y to $3.09 billion, beating the consensus of $3.00 billion.
August 21, 2023 | 9:27 am
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
DuPont is in talks to sell its Delrin resins unit for $1.8 billion. The deal aligns with DuPont's focus on electronics, automotive, and water and industrial technologies industries.
The potential sale of DuPont's Delrin resins unit could have a positive impact on the company's stock as it aligns with their focus on electronics, automotive, and water and industrial technologies industries. This could be seen as a strategic move to streamline their operations and focus on their core businesses. However, the deal is not yet final and talks could still fall apart, which introduces some uncertainty.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100