DuPont Considers Sales of Performance Coatings Unit Monday, October 31, 12:15 PM ET
DD) is reportedly considering a sale of its performance coatings division.
Bloomberg News first reported that the company is exploring a sale of the division, which makes auto paints, that may total as much as $4 billion.
Bloomberg said DuPont has hired Credit Suisse (NYSE:
CS) to look for potential buyers, and that it has hired Greenhill & Co. to separately handle a sale of a powder-coatings unit within the division.
Bloomberg noted that the performance coatings business accounted for 12% of DuPont’s $31.5 billion in revenue last year.
Transportation coatings competitors – and potential strategic buyers – include PPG Industries (NYSE:
PPG), BASF and Akzo Nobel, according to reports.
DuPont sells its coatings to auto producers like Ford (NYSE:
F) and General Motors (NYSE: GM) as well as auto paint refinishers.
For MarketNewsVideo.com, I'm Tracey Fitzpatrick.
Thursday Sector Laggards: Oil & Gas Refining & Marketing, Oil & Gas Exploration & Production Stocks
Related symbols: ALDW, GPRE, CRC, UPL
Thursday Sector Leaders: Precious Metals, Entertainment Stocks
Related symbols: GSS, CDE, MANU, TWX
Wednesday Sector Laggards: Paper & Forest Products, Shipping Stocks
Related symbols: KS, ASPN, GNK, GSL
VWO, PERM: Big ETF Outflows
Related symbols: VWO, PERM, PBR.A, VALE.P, T, ABBV
SPY, PUI: Big ETF Inflows
Related symbols: SPY, PUI, AAPL, MSFT, DUK, NI
Thursday's ETF with Unusual Volume: SLVP
Related symbols: SLVP, HL, CDE, AUMN, XPL
Daily Dividend Report: CSCO, UPS, EFX, DOW, HAL, CSX, TSN, WY
Related symbols: CSCO, UPS, EFX, DOW, HAL, CSX, TSN, WY
Daily Dividend Report: TWX, WU, OC, GAS, UNH, SYK, PRU, CMI
Related symbols: TWX, WU, OC, GAS, UNH, SYK, PRU, CMI
Daily Dividend Report: LLL, UTX, MDLZ, ABC, STI, WCN, CDW
Related symbols: LLL, UTX, MDLZ, ABC, STI, WCN, CDW
Weekly Market Wrap: August 14, 2015
Related symbols: BAC, AMAT, AAPL, S, SYY
Weekly Market Wrap: August 7, 2015
Related symbols: SUNE, BAC, CHK, GRPN, AAPL
Weekly Market Wrap: July 31, 2015
Related symbols: BAC, MU, AAPL, SUNE, FB
Week Ahead Market Report: June 8, 2015
Related symbols: BAC, FTR, AAPL, INTC, MNKD
Week Ahead Market Report: May 18, 2015
Related symbols: BAC, AAPL, VALE, T
Week Ahead Market Report: May 4, 2015
Related symbols: BAC, AAPL, MSFT, ICLD, NOK
All videos » |
Stock market definitions »
DuPont Considers Sales of Performance Coatings Unit
| Market News Video | Copyright © 2008 - 2016, All Rights Reserved
Any ideas and opinions presented in all Market News Video clips are for informational and educational purposes
only, and do not reflect the opinions of BNK Invest, Inc. or any of its affiliates, subsidiaries or partners.
In no way should any content contained herein be interpreted to represent trading or investment advice.
None of the information contained herein constitutes a recommendation that any particular security, portfolio,
transaction, or investment strategy is suitable for any specific person. All viewers agree that under no
circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held
liable for any loss or damage caused by your reliance on information obtained. Read Full Disclaimer.