DuPont In Talks With Koch Industries To Sell DuPon
Wilmington, DE, Aug. 11--DuPont today announced that it is in exclusive negotiations with subsidiaries of Koch Industries Inc., of Wichita, KS, regarding the possible sale of DuPont Textiles & Interiors (DTI). The company informed employees today that Koch representatives would be visiting DTI sites as part of the due diligence process.
On April 14 DuPont announced that it was engaged in preliminary negotiations to sell DTI, but did not name Koch.
Given the ongoing nature of the discussions, DuPont said it would not provide any additional information at this time. There can be no assurance that the negotiations will result in an agreement being reached or, if an agreement is reached, of the terms, conditions or timing of any potential transaction. DuPont does not intend to make any further public announcement unless and until a definitive agreement has been signed or discussions have been terminated.