DuPont completes sale of M&M to Celanese
WILMINGTON, Del., November 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 consideration of purchase 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 have been reclassified and presented as discontinued operations from the first quarter of 2022 for the current and historical periods.
The Company will provide further information, including the anticipated use of proceeds, on its upcoming third quarter 2022 earnings conference call scheduled for November 8, 2022.
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