DuPont to sell 80.1% stake in Delrin business to TJC for $1.8B

DuPont announced a definitive agreement to sell an 80.1% ownership interest in its Delrin acetal homopolymer business to TJC LP, valuing the business at $1.8 billion. DuPont will receive approximately $1.25 billion in cash at close, a $350 million note, and retain a 19.9% stake.

“DuPont today announced a definitive agreement to sell an 80.1% ownership interest in the Delrin acetal homopolymer (H-POM) business to TJC LP in a transaction valuing the business at $1.8 billion.”dupont.com

• 1 source
• dupont.comDuPont Announces Agreement to Divest ~80% Ownership in Delrin® Business to TJC | DuPontAug 21, 2023

Summarized from public sources; check the original articles before acting on it.