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DuPont Reports Agreement to Divest Majority of Mobility & Materials Segment to Celanese

Investing News, Market News, Technology, The Market Buzz

DuPont (NYSE: DD) reported entry into a definitive agreement with Celanese Corporation (NYSE: CE) to divest a majority of the Mobility & Materials segment including the Engineering Polymers business line and certain product lines within the Performance Resins and Advanced Solutions business lines for USD 11 Billion in cash.  Subject to customary transaction adjustments.  Celanese …

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DuPont Shares Surge on Strong Earnings Report

Investing News, Market News, The Market Buzz

DuPont (NYSE: DD), an industrial materials company, shares rose during pre-market trading Tuesday amid news of better-than-expected earnings, a dividend increase, and a stock buyback program. The company has also cut back with asset sales in order to focus on fast-growing areas like the electronics industry. [stock_market_widget type=”inline-label” template=”basic9″ color=”orange” assets=”DD” api=”yf”] [stock_market_widget type=”chart” template=”basic” …

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