Multi-Billion Deal for DuPont's (DD) Auto Paint Unit All But Locked In (CG)
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Carlyle Group (CG) to Buy DuPont's (DD) DPC Unit in $4.9B Deal
August 30, 2012 7:49 AM EDTThe Carlyle Group (Nasdaq: CG) and DuPont (NYSE: DD) signed a definitive agreement whereby Carlyle will purchase DuPont Performance Coatings (DPC) for $4.9 billion in cash. The transaction is expected to close in the first quarter 2013, subject to customary closing conditions and regulatory approvals.
DPC is a global supplier of vehicle and industrial coating systems... More
