DuPont announces agreement with TJC to divest approximately 80% ownership of Delrin® business

DuPont recently announced that it has reached a definitive agreement to sell an 80.1% ownership interest in its Delrin® homopolymer (H-POM) business1 to TJC LP (hereinafter referred to as TJC) , the deal was valued at $1.8 billion. TJC has received fully committed financing in connection with the transaction, which is expected to close around…