Chemical and industrial giant DuPont de Nemours Inc. is in talks to sell its resins unit, Delrin, to the Jordan Co., a private-equity firm, for about $1.8 billion, Bloomberg News reported Sunday.
Bloomberg said a deal could be announced as soon as this week, though no final decision has been made. Lone Star Funds and Platinum Equity have also been bidding for Delrin, the report said.
Selling the chemical assets would underscore DuPont’s renewed focus toward electronics, automotive, and water and industrial technologies, according to Bloomberg.
Earlier this month, DuPont beat forecasts for its second-quarter earnings, but issued a mixed outlook.
DuPont shares
DD,
are up about 10% year to date, compared to the S&P 500’s
SPX
14% gain this year.
This post was originally published on Market Watch
