Bloomberg Reported Sunday DuPont Is In Talks to Sell Delrin Unit to PE Firm The Jordan Company For $1.8B
Portfolio Pulse from Charles Gross
DuPont is reportedly in talks to sell its Delrin unit to private equity firm The Jordan Company for $1.8 billion, according to Bloomberg.
August 21, 2023 | 9:12 am
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DuPont's potential sale of its Delrin unit to The Jordan Company could result in a significant cash inflow for the company.
The sale of the Delrin unit could result in a significant cash inflow for DuPont, which could be used for various purposes such as debt reduction, share buybacks, or reinvestment into the business. This could potentially have a positive impact on the company's stock price in the short term.
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