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DuPont Completes M&M Divestiture to Celanese

Purchase price was $11 billion in cash, subject to customary transaction adjustments.

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By: DAVID SAVASTANO

Contributing Editor, Coatings World and Ink World, Coatings World and Ink World Magazine

DuPont completed the previously announced divestiture of the majority of its former Mobility & Materials segment (M&M Business) to Celanese for a purchase price of $11 billion in cash, subject to customary transaction adjustments in accordance with the transaction agreement dated Feb. 17, 2022.

The results of the M&M Business were reclassified and reported as discontinued operations beginning in first quarter 2022 for current and historical periods.

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