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Feb 17 (Reuters) – Specialty chemical substances firm Celanese Corp is nearing a offer to invest in DuPont de Nemours Inc’s (DD.N) mobility and supplies unit for a lot more than $10 billion, Bloomberg Information documented on Thursday, citing folks acquainted with the make any difference.
The offer could be declared as quickly as Friday, the report stated.
Celanese and DuPont did not immediately respond to Reuters’ requests for remark.
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DuPont’s mobility and components division, which will make products ranging from warmth-resistant auto engine addresses to structural adhesives, created about 30% of the company’s yearly income described previously this month. read more
DuPont, as soon as aspect of the erstwhile chemical big DowDuPont, has been simplifying its portfolio. It has separated its diet and biosciences small business, agreed to divest two other corporations, and struck a deal to purchase Laird General performance Components for $2.3 billion in July.
Celanese shares had been up 3% at $157.52 in extended investing. DuPont shares were flat.
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Reporting by Ruhi Soni in Bengaluru Modifying by Aditya Soni and Sherry Jacob-Phillips
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