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01 Feb, Wednesday
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Bull Trader USA

The Wall Street Journal: DuPont planning deals that would remake the chemicals company

DuPont de Nemours Inc. is planning deals that would remake the famed chemicals company, according to people familiar with the matter, following years of subpar performance in its shares.

DuPont
DD,
+2.34%

is nearing a deal to buy Rogers Corp. 
ROG,
+3.54%
,
an electronics-materials specialist with a market value of nearly $4 billion, the people said. It also plans to review alternatives for its unit specializing in materials used in the automotive industry, they said.

The moves are expected to be unveiled Tuesday, when DuPont reports its third-quarter earnings, unless the plan falls apart at the last minute.

Together, the DuPont unit that the Rogers deal would expand and the mobility business that is set for a review account for roughly two-thirds of DuPont’s net sales, which last year were more than $20 billion.

An expanded version of this report appears on WSJ.com.

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