DuPont Announces Agreement to Divest 80% Ownership In Delrin Business To TJC For $1.8B
Portfolio Pulse from Benzinga Newsdesk
DuPont has announced an agreement to divest 80% of its ownership in the Delrin business to TJC for $1.8 billion.

August 21, 2023 | 11:02 am
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DuPont's divestment of 80% of its Delrin business to TJC for $1.8 billion could potentially free up capital for the company.
The divestment of a significant portion of DuPont's Delrin business could potentially free up capital for the company, which could be used for other strategic investments or to improve its balance sheet. However, the impact on the company's stock price in the short term is uncertain as it would depend on how the market perceives this move and the potential benefits it could bring to the company.
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