The following excerpt is from the company's SEC filing.
WILMINGTON, Del., November 1, 2022 –
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 purchase price 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 were reclassified and reported as discontinued operations beginning in first quarter 2022 for current and historical periods.
The Company will provide further information, including intended use of proceeds, as part of its upcoming third quarter 2022 earnings conference call scheduled for November 8, 2022.
DuPont (NYSE: DD) is a global innovation leader with technology-based materials and solutions that help transform industries and everyday life. Our employees apply diverse science and expertise to help customers advance their best ideas and deliver essential innovations in key markets including electronics, transportation, construction, water, healthcare and worker safety. More information about the company, its businesses and solutions can be found at
. Investors can access information included on the Investor Relations section of the website at
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and all products, unless otherwise noted, denoted with
or ® are trademarks, service marks or registered trademarks of affiliates of Dunt de Nemours, Inc.
The above information was disclosed in a filing to the SEC. To see the filing, click here.
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