Carlyle Group Paying $4.9B In Cash For Dupont Unit

By Mike Obel | August 30 2012 8:43 AM

U.S. private equity firm The Carlyle Group (Nasdaq:CG) will pay $4.9 billion in cash for a unit of E.I. DuPont de Nemours and Co (NYSE:DD) that makes industrial and vehicle coatings.

Sponsorship Link

Revenue for DuPont Performance Coatings, which has more than 11,000 employees, is expected to be more than $4 billion. The investment will be funded with equity from Carlyle Partners V and Carlyle Europe Partners III.

Shares of DuPont rose 77 cents to $50.71 in premarket trading.

More in Companies

United Colors of Benetton Launches 'Unhate' Campaign, Less Edgy Than Previous Ads

United Colors of Benetton Launches 'Unhate' Campaign, Less Edgy Than Previous Ads

The Korean Men Makeup Fad: South Korea Is Largest Market For Men?s Skincare In The World

The Korean Men Makeup Fad: South Korea Is Largest Market For Men?s Skincare In The World

The Top Post-Market Nasdaq Movers (Brightcove, Body Central, Renewable Energy, 3SBio, AngioDynamics, Kraft Foods, Idenix, TriQuint, Take-Two Interactive, Tree.com)

The Top Post-Market Nasdaq Movers (Brightcove, Body Central, Renewable Energy, 3SBio, AngioDynamics, Kraft Foods, Idenix, TriQuint, Take-Two Interactive, Tree.com)

Apple Tops $700 Mark, Year After Hitting $400

Apple Tops $700 Mark, Year After Hitting $400

In Depth

Iran: Sixty Years After The 1953 CIA Coup That Toppled Democracy

Iran: Sixty Years After The 1953 CIA Coup That Toppled Democracy

The Four Times NSA Surveillance Programs Stopped An Attack

The 4 Times NSA Says Surveillance Stopped Attacks

Phone Companies In State Prisons Charge Inmates Exorbitant Prices, Give Jails Kickbacks, Group Finds

Why Calls In State Prisons Cost So Much

Tesla Will Unveil On Thursday Its Long-Rumored Battery Swap Technology For The Model S, An Attempt To Quell Concerns Over Electric Vehicle Range

Tesla Will Present Its Battery-Swap System This Week

web counter