TITLE

DuPont to Sell Invista to Koch for $4.4B

AUTHOR(S)
Malone, Scott; Moskowitz, Ed
PUB. DATE
November 2003
SOURCE
WWD: Women's Wear Daily;11/18/2003, Vol. 186 Issue 104, p2
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
On November 10, 2003, E. I. du Pont de Nemours & Co., an inventor of nylon, spandex and acrylic, reached an agreement to sell its Invista unit to privately held Koch Industries Inc. for $4.4 billion in cash. It is noted that merging the Invista unit with Koch's KoSa would produce a company with a strong presence in the three major synthetic fibers which include polyester, nylon and spandex. Invista executives said they believed there would be an advantage in being part of a privately owned company, which saves them the pressure of managing the business to meet Wall Street's quarterly expectations. E. I. du Pont de Nemours & Co. customers and competitors said they were waiting to see what Invista operations would like under the new ownership.
ACCESSION #
11628162

 

Share

Read the Article

Courtesy of THE LIBRARY OF VIRGINIA

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics