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DuPont Completes Sale of Its Performance Coatings Business

2013-02-01 06:00:00| Industrial Newsroom - All News for Today

WILMINGTON, Del. - DuPont (NYSE: DD) announced today that it has completed the sale of DuPont Performance Coatings (DPC) for $4.9 billion in cash (about $4.0 billion after-tax) and the assumption of certain liabilities to global alternative asset manager The Carlyle Group. DPC is a global supplier of vehicle and industrial coating systems. "We intend to use a portion of the proceeds from the sale of the DPC business to buy back $1 billion of the company's common stock during the first half ...

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