WILMINGTON, Del., Nov. 1, 2022
/PRNewswire/ -- DuPont (NYSE:DD) today completed the previously
announced divestiture of the majority of its former Mobility &
Materials segment (the "M&M Business" or the "M&M
Divestiture") to Celanese for a purchase price of $11 billion in cash, subject to customary
transaction adjustments in accordance with the transaction
agreement dated February 17,
2022.
The results of the M&M Business were reclassified and
reported as discontinued operations beginning in first quarter 2022
for current and historical periods.
The Company will provide further information, including intended
use of proceeds, as part of its upcoming third quarter 2022
earnings conference call scheduled for November 8, 2022.
About DuPont
DuPont (NYSE: DD) is a global innovation
leader with technology-based materials and solutions that help
transform industries and everyday life. Our employees apply diverse
science and expertise to help customers advance their best ideas
and deliver essential innovations in key markets including
electronics, transportation, construction, water, healthcare and
worker safety. More information about the company, its businesses
and solutions can be found at www.dupont.com. Investors can
access information included on the Investor Relations section of
the website at investors.dupont.com.
DuPontTM and
all products, unless otherwise noted, denoted with TM,
SM or ® are trademarks, service marks or
registered trademarks of affiliates of DuPont de Nemours,
Inc.
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SOURCE DuPont