DuPont (DD) says it's completed the sale of its performance coatings business for $4.9B in cash...

|By:, SA News Editor

DuPont (DD) says it's completed the sale of its performance coatings business for $4.9B in cash and the assumption of certain liabilities to The Carlyle Group (CG). DD plans to use the proceeds from the sale to shore up its balance sheet and fund a $1B stock buyback program during the first half of 2013.