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

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.
Comments (1)
  • funfun
    , contributor
    Comments (2459) | Send Message
     
    It would appear that DuPont Management is under considerable pressure to raise cash to pay...

     

    * The settlement costs of thousands of DuPont Imprelis lawsuits filed over their falsely, if not fraudulently marketed lawn herbicide which has destroyed hundreds of thousands of mature trees across the nation at a cost of $2 billion or more, and

     

    * A potential federal jury verdict of $1 to $3 billion payable to Monsanto, from which DuPont willfully and deliberately stole and used superior patent-protected seed know-how.

     

    ...funfun..
    2 Feb 2013, 08:35 AM Reply Like
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