Resilient Media Entertainment

Thursday, August 30, 2012

Carlyle to Buy DuPont Unit for $4.9 Billion


U.S. private-equity firm Carlyle Group L.P. CG +1.38% has agreed to buy the performance-coatings unit of E.I. DuPont de Nemours DD +0.28% & Co. for $4.9 billion in cash, in a deal that marks the private-equity firm's third multibillion-dollar acquisition this summer. "We have determined that DuPont Performance Coatings' full growth potential would be best realized outside DuPont and through the sale to Carlyle," Chief Executive Ellen Kullman said. 

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