Dupont announces agreement to divest majority of mobility & materials segment to celanese

Wilmington, del., feb. 18, 2022 /prnewswire/ -- dupont (nyse: dd) today announced it has entered into a definitive agreement with celanese corporation (nyse: ce) to divest a majority of the mobility & materials segment including the engineering polymers business line and select product lines within the performance resins and advanced solutions business lines for $11.0 billion in cash, subject to customary transaction adjustments in accordance with the definitive agreement, which represents an enterprise value multiple of ~14x 2021 operating ebitda.
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